Quess Corp to demerge its diversified businesses.

Quess Corp, an integrated business services company, is set to demerge its diversified businesses into three independent entities. Financial terms were not disclosed. “This is a landmark moment for Quess and is a transformational decision to create three separate entities. It helps the management to focus, develop capital allocation plans relevant to each business, and create value for our shareholders. The decentralized structure at Quess has enabled a pathway for the three demerged entities to continue a culture of entrepreneurship, an employee-friendly workplace with customer centricity being at the core of our purpose," Mr. Ajit Isaac, Quess Corp Chairman.