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Quess Corp subsidiary acquires Allsec Tech

Advait Dharmadhikari 0 3355 Article rating: 5.0

Quess Corp’s subsidiary Conneqt Business Solutions has signed definitive agreements to acquire a majority stake in Allsec Technologies. The transaction will involve Conneqt purchasing 35.35 per cent from the promoters, 26 per cent from First Carlyle Ventures Mauritius thereby acquiring majority control of 61.35 per cent. Conneqt will make an open offer to the public shareholders of Allsec to purchase up to 26 per cent of shareholding.

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