Quess Corp Announces Three-Way Demerger: Shareholders to Get Equity in Digitide and Bluspring

Quess Corp Limited has announced a strategic three-way demerger, forming two new companies—Digitide Solutions Limited and Bluspring Enterprises Limited. The action is intended to release value for shareholders and rationalize operations across its business verticals.

 

Key Highlights:

 

Demerger Information: Quess Corp will demerge its parts into two newly constituted companies, namely Digitide Solutions and Bluspring Enterprises. Quess Corp shareholders will be allotted 1 equity share of ₹10 each in Digitide and 1 equity share of ₹10 each in Bluspring for every 1 equity share of ₹10 each that they hold in Quess Corp.

 

Record Date: Record date to ascertain qualifying shareholders is fixed as April 15, 2025.

 

Listing Plans: The share capital of Digitide and Bluspring will be listed on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), subject to regulatory approval.

 

Strategic Rationale: Through demerger, operational focus is likely to be improved and independent growth opportunities for both entities are likely to be established. Quess Corp shall remain the parent entity while Digitide and Bluspring shall be operating as separate entities.

 

Market Impact: On the news, shares in Quess Corp rose by 7.2%, showing the confidence of investors that the demerger could unleash shareholder value.

 

This demerger also goes along with the vision of Quess Corp to refine its business model and adapt to changing market needs. The decision is expected to solidify its position in the market and offer diversified investment choices for shareholders.

 

Source: Business Standard, ET Now