Quess Corp Limited has informed the Exchange regarding 'Listing of equity shares of Digitide Solutions Limited and Bluspring Enterprises Limited'.
QUESS · price
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On the reaction day the stock moved 1.4 pts more than Nifty Microcap 250 and 2.2 pts more than its Diversified Commercial Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Quess Corp has informed the exchanges that BSE and NSE have approved the listing of two resulting companies — Digitide Solutions Limited and Bluspring Enterprises Limited — created under its Composite Scheme of Arrangement (demerger). The equity shares of both new entities will be listed and available for trading on the exchanges effective Wednesday, June 11, 2025. This is a continuation of Quess Corp's earlier communication dated April 21, 2025 about the demerger plan. As part of the scheme, Quess Corp (the Demerged Company) is being separated into three listed entities, and existing shareholders of Quess are expected to receive shares in the resulting companies based on the approved swap ratio.
Existing Quess Corp shareholders will receive shares in the two newly listed entities (Digitide Solutions and Bluspring Enterprises), effectively giving them stakes in three separate listed businesses. The Quess stock price is likely to adjust downward on the ex-date / record date to reflect the value distributed to shareholders, and each entity may trade independently based on its own business fundamentals.