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Quess Corp’s Shares Rise After Promoter Purchases

Written by: Team Angel OneUpdated on: Feb 1, 2025, 3:31 PM IST
Quess Corp’s promoter, Fairbridge Capital (Mauritius) Limited, has acquired 3,77,218 shares, representing 0.25% of the paid-up capital, with regulatory disclosures to be completed as per SEBI norms.
Quess Corp’s Shares Rise After Promoter Purchases
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Quess Corp Limited has announced that its promoter, Fairbridge Capital (Mauritius) Limited, a subsidiary of Fairfax Financial Holdings Limited, has acquired equity shares of the company. This acquisition was conducted through market trades on the stock exchanges and represents a minor percentage of the company’s paid-up capital.

Acquisition Details

Fairbridge Capital (Mauritius) Limited purchased 3,77,218 equity shares of Quess Corp Limited, amounting to 0.25% of the company’s total paid-up capital. The transaction took place on 1st February 2025, as per the disclosure submitted to the stock exchanges. The acquisition aligns with the regulatory framework, and necessary disclosures under SEBI’s Substantial Acquisition of Shares and Takeovers Regulations, 2011, and SEBI’s Prohibition of Insider Trading Regulations, 2015, will be filed accordingly.

Regulatory Compliance

In adherence to SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Quess Corp Limited has officially notified the stock exchanges regarding the share purchase. Such acquisitions require timely disclosure to ensure transparency in financial transactions and compliance with regulatory norms. The company has assured that all necessary documentation and regulatory filings will be completed as per SEBI’s guidelines.

Quess Corp Share Performance

As of February 01, 2025, at 1:38 PM, shares of Quess Corp are trading at ₹622.70 per share up by 6.30% from its previous day’s closing price. The stock has fallen by 6.35% over the past month

Conclusion

The acquisition by Fairbridge Capital (Mauritius) Limited indicates continued confidence in Quess Corp Limited. The company has fulfilled its disclosure obligations under SEBI regulations, ensuring compliance with market regulations.

 

Published on: Feb 1, 2025, 3:31 PM IST

Team Angel One

Team Angel One is a group of experienced financial writers that deliver insightful articles on the stock market, IPO, economy, personal finance, commodities and related categories.

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