Competition Commission of India (CCI) has cleared the acquisition of 0.51% of the equity share capital of Quess Corp by Amazon.com NV Investment Holding LLC.
Earlier, Quess Corp’s board had approved the issuance of over 7.54 lakh equity shares to Amazon.com NV Investment Holdings LLC for an aggregate amount of around Rs 51 crore at an issue price of Rs 676 apiece by way of a preferential allotment.
Quess Corp is one of India’s leading integrated business services providers focused on emerging as the preferred partner for handling end-to-end business functions of its clients.