India, March 7 -- Quess Corp Limited, India's largest business services company has received the approval of the Composite Scheme of Arrangement for the demerger from the Hon'ble National Company Law Tribunal (NCLT), Bangalore Bench, on the 4th of March leading to the creation of three public listed entities.
The company had announced the decision to demerge its diversified businesses into three different entities about a year ago in February 2024. With this approval, the demerger plan is taking place as per schedule and the company has been meticulously preparing for this event.
Following this, Quess Corp (Remaining Company) will continue to house India's largest workforce management company with a headcount of over 5 lakh and a footprin...