Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Google
Web www.equitybulls.com
Stock Report

| More

Quess Corp Ltd inks partnership with East Bengal Club to form Quess East Bengal FC Pvt. Ltd.

Posted On: 2018-07-05 16:57:15

Quess Corp Ltd., a $2bn publicly listed business services company today signed an agreement with the East Bengal Club, a premier football club based in Kolkata, leading to the formation of a new entity named "Quess East Bengal FC Pvt. Ltd." (QEBFC).

The Bangalore headquartered services provider, one of India's largest private sector employers with more than 260,000 people on its rolls, announced its investment in QEBFC to strengthen its branding initiatives as it goes out to build multiple platforms in the services space. Sports cuts across geography, economic strata and creates a unified constituency that seeks better living, fitness and a passion for winning, all of which reflect the ethos of Quess. This investment in a 98-year-old iconic football club which is among the premium football clubs in India enables Quess to develop its brand and at the same time contribute to sports participation and the development of football in the country.

For EBFC, this development comes at the right time as it approaches a century of glorious existence and provides it with a partner to invest to become the premium footballing brand in the country. For the fans and members in the Club, this will develop a deeper engagement and a substantial association with the club's sporting activities and its winning ways.

Confirming the new partnership, proposed QEBFC Managing Director, Kalyan Majumdar, said, "We were contemplating options after our association with U8 Group came to an end last month and approached Quess with a partnership proposal. We are happy and excited with this partnership with the Quess brand and together we are hopeful of building India's best Football Club. The association with Quess is promising and brings a refreshing change for the club and its members and fans with many untapped possibilities. We believe our best is yet to come and we now aim to achieve new landmarks in the game of Football."

Commenting on the development, CMD of Quess, Mr. Ajit Isaac said, "As Quess develops from being a services provider to building multiple platforms with a large number of employees and customers, it is necessary that we invest in long-term branding initiatives that cut across multiple segments of the society. The partnership with EBFC provide exactly this and we are excited by the possibility of contributing to the development of world's no.1 sport - "Football" in India and at the sametime to be invested in one of the best sports properties. Sports and business both produce winners when the partnerships are right and the investments are prudent. The sporting activities of the club will gather pace now with efforts to join the ISL as well as to enhance the player base, training capacity and infrastructure required to achieve more sporting trophies".

Shares of Quess Corp Ltd was last trading in BSE at Rs.1114 as compared to the previous close of Rs. 1094.35. The total number of shares traded during the day was 2674 in over 313 trades.

The stock hit an intraday high of Rs. 1114 and intraday low of 1089.5. The net turnover during the day was Rs. 2940926.


Source: Equity Bulls

Click here to send ur comments or to feedback@equitybulls.com





Other Headlines:

TAAL Enterprises Ltd Q4 PAT rises to Rs. 6.43 crores

Quess Corp Ltd to consider raising of Rs. 51 crores

Andhra Bank board approves proposal to raise Rs. 2000 crore

Welspun Corp Ltd fixes July 5, 2019 as record date for buy back

Quess Corp arm bags work order from Amazon

TTK Prestige Ltd board to announce Q1 results on August 12, 2019

IFCI to sell its 2.44% stake in NSE

Master Trust Ltd Board to consider Sub-division of equity shares

Eris Lifesciences Ltd Board to consider Buyback of equity shares

RITES announces 1:4 Bonus Share Issue

L&T announces offer for sale of shares of L&T Technology Services Ltd at Rs. 1650

Offer for Sale of Shares of SBI Life Insurance Company Ltd announced by Promoter

Zensar Technologies Ltd board to approve Q1 results on Aug 6, 2019

Emami Group Promoters divest 10% stake for INR 1230 cr in Emami Limited

Ind-Ra affirms long term rating of HEG Ltd

TCS hikes Stake in JV with Mitsubishi Corporation

Som Distilleries & Breweries Ltd calls for board meeting on July 3, 2019

RMC Switchgears Ltd appoints Ms. Neha Dusad as Company Secretary

GIC Housing Finance Ltd board to announce 1st quarter results on July 26, 2019

Motherson Sumi Systems Ltd board to consider Q1 results on August 12, 2019

Federal Bank Ltd announces retirement of Independent Director

Gujarat Borosil Ltd starts trial production of new furnace

Infosys announces strategic partnership with Toyota Material Handling Europe

SRG Housing Finance Ltd receives term loan from OBC of Rs. 15 crores

Prime Industries Ltd Board to consider Sub-division of equity shares

NTPC signs JV agreement with Power Grid

Facor Alloys Ltd enters into OTS with Bank of India

Forwardis signs Logistics Digital Transformation program with Ramco Systems

Future Enterprises Ltd approves NCD issue of Rs. 900 crore

Lakshmi Machine Works Ltd board to announce Q1 results on July 22, 2019

RITES Ltd board recommends 1:4 bonus issue

Bank of Mongolia drives digital transformation vision with Intellect Quantum Central Banking

HOV Services Ltd appoints Mr. Harjit Singh Anand as director of HOVS LLC

Omkar Speciality forays into CRAMS business

Alembic Pharmaceuticals receives USFDA Approval for Bromfenac Ophthalmic Solution 0.09%.

Tata Communications Bags Seven Awards at Frost & Sullivan's 2019 India ICT Awards

L&T Wins 2x660 MW power project order in Bihar

Glenmark to partner with Novartis to promote, commercialize and distribute three respiratory products in Brazil

Inox Wind Commissions Common Power Evacuation Systems with ISTS network at Dayapar, Gujarat

JMC secures new orders of Rs. 514 Crores

Dewan Housing Finance Corporation Ltd board to consider Q4 results on June 29, 2019

BHEL wins Rs.840 Crore Emission Control equipment order

Dr. Reddy's Laboratories launches Phytonadione Injectable Emulsion USP, 10 mg/ml Single-Dose Ampules in the U.S. Market

Network18 to sell stake in HSN Cyprus

Ind-Ra moves ratings of Reliance Infrastructure Ltd to IND D

Dr Reddys Laboratories Ltd receives 2 observations from US FDA audit for Vizag Plants

Confidence Petroleum India Ltd allots 33,50,000 warrants

Zuari Global Ltd to consider issue of NCDs

MBL Infra receives completion certificate for project

Glenmark Pharmaceuticals Limited updates on Ryaltris™







Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2019