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:

Shriram City Union Finance Ltd announces Q4, FY19 results

Bharti Infratel Ltd Q4 consolidated PAT at Rs. 607.6 crores

Agro Tech Foods Ltd FY19 consolidated PAT up at Rs. 34.25 crores

Mahindra & Mahindra FInancial Services Ltd FY19 PAT jumps to Rs. 1867.28 crores

Benares Hotels Ltd announces net profit of Rs. 8.72 crore in FY 2018-19

Café Coffee Day welcomes summer with absolutely refreshing fruit-based beverages

Max Bupa's #ExYourExcuse campaign encourages people to put their health first

Indiabulls Housing Finance Ltd Board declares Interim Dividend of Rs. 10 for 2019-20

Satia Industries Ltd Board to consider Final Dividend & Sub-division of Equity Shares

PTC India Ltd Board to consider FY19 results & Final Dividend on May 14, 2019

HSIL Ltd board to consider dividend, Q4, FY19 results on May 3, 2019

Britannia Industries Ltd terminates job work contract of Shah Foods Ltd

Loyal Textile Mills Ltd board to consider Q4, FY19 results on May 30, 2019

Indiabulls Housing Finance Ltd Q4 consolidated PAT slips to Rs. 1001.37 crores

Infosys positioned as a Leader in Gartner's Magic Quadrant

USFDA completes audit of Jeevan Scientific Technology Ltd's clinical pharmacology centre

Wall Street Finance Ltd launches 'Mobile App' for the Agent Partners

Astron Paper & Board Mill Ltd announces shut down of Unit-2

Godawari Power and Ispat Ltd calls for board meeting on April 30, 2019

Great Eastern Shipping Company Ltd board to approve FY19 results, NCD issue, dividend on May 6, 2019

TATA Elxsi Ltd reports PAT of Rs. 71.29 crores in Q4 FY19

Hexaware Technologies Ltd Q1 net profit jumps to Rs. 138.47 crore

Muthoot Capital Services Ltd Q4 PAT slides to Rs. 18.35 crore

Ultratech Cement Ltd Q4 consolidated net profit jumps to Rs. 1034.21 crore

Tata Elxsi Ltd Board recommends Dividend of Rs. 13.50

Hexaware Technologies Ltd Board approves Dividend of Rs. 2.50

Akzo Nobel India Ltd board to approve dividend, Q4, FY19 results on May 3, 2019

UltraTech Cement Ltd Board recommends Dividend of Rs. 11.50

Trident Ltd Board to consider FY19 results, Final Dividend & Sub-division of Equity Shares

V-Mart Retail Ltd opens new stroes in West Bengal, UP

Surya Roshni Ltd bags Rs. 231.18 crore order from IOC

Accelya Kale Solutions Limited calls for board meeting on May 3, 2019

Kewal Kiran Clothing Ltd board to approve Q4, FY19 results, dividend on May 4, 2019

No vote, no choice - McDonald's thought provoking social activation urges youth to vote and make a difference

Jubilant Foodworks Ltd board to announce FY19 results, dividend on May 15, 2019

Tata Global Beverages Ltd announces Q4, FY18-19 results

Nucleus Software announces FY19 Financial Results

USFDA retains the OAI status of Indoco's Goa Plant I

CARE BB rating assigned to Trident Texofab Limited

Linde India Ltd board to consider Q1 results on May 13, 2019

Thirumalai Chemicals Ltd board to consider dividend, Q4, FY19 results on May 6, 2019

Prakash Pipes Limited board recommends dividend of Rs. 1.20

ICICI Securities Ltd reports Q4, FY19 results

Coromandel International posts Q4, FY 2018-19 results

Tata Global Beverages Ltd reports lower Q4 consolidated PAT of Rs. 22.90 crore in FY19

Hero Cycles partners with Satin Creditcare Network Limited towards empowering Rural India

Indiabulls Integrated Services Ltd Q4 PAT jumps to Rs. 72.78 crore

Nucleus Software Exports Ltd FY19 consolidated PAT rises to Rs. 74.54 crores

SORIL Infra Resources Ltd FY 2018-19 PAT drops to Rs. 13.95 crores

Sasken Technologies Ltd Q4 FY19 net profit soars to Rs. 27.45 crore







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

disclaimer copyright © 2005 - 2019