Fairbridge Capital (Mauritius) Ltd, HWIC Asia Fund ( Class A shares)�has submitted to the Exchange a copy of Disclosures under Regulation 10(6)-Report to stock Exchange in respect of any acquisition made in reliance upon exemption provided for in regulation 10 of SEBI (SAST) Regulations, 2011.
DIGITIDE · price
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Fairbridge Capital (Mauritius) Ltd and HWIC Asia Fund (Class A Shares), the promoter and promoter group entities, have disclosed acquisition of 5,16,01,555 equity shares (34.64% of paid-up capital) of Digitide Solutions Limited pursuant to the Composite Scheme of Arrangement amongst Quess Corp, Digitide and Bluspring Enterprises. The share entitlement ratio was 1 equity share of Digitide (face value INR 10) for every 1 share of Quess held. The NCLT Bengaluru bench approved the scheme on March 4, 2025, shares were allotted on April 21, 2025, and Digitide shares were listed and admitted to trading on June 11, 2025. Pre-transaction, both entities held NIL shares; post-transaction, Fairbridge holds 34.14% and HWIC holds 0.50%, totaling 34.64%. The acquisition is exempted from making an open offer under Regulation 10(1)(d)(i) of the SEBI Takeover Code.
This is a procedural post-listing disclosure arising from the demerger/spin-off of Digitide from Quess Corp. The promoters of Quess (Fairbridge and HWIC) now hold 34.64% in the newly listed Digitide entity, received in the same 1:1 ratio as public shareholders of Quess. No open offer is triggered, so existing and new Digitide shareholders are not affected by any forced buyout.