Thomas Cook India Ltd approves OFS of Quess Corp Ltd

The Board of Thomas Cook (India) Limited (the "Seller"), one of the Promoters of Quess Corp Limited (Quess), has today approved an Offer for Sale (OFS)of an aggregate of 7500000 equity shares of face value of Rs. 10/- each representing 5.42% of the total paid up equity share capital of Quess.

The OFS would open on 23rd November, 2017 for Non-Retail investors only and on 24th November, 2017 for Retail investors and those Non-Retail investors who choose to carry forward their bids,through a separate window provided by the BSE Ltd & the National Stock Exchange of India Ltd (the"Stock Exchanges") for this purpose.

In addition,we have also taken note of Mr. Ajit Isaac, Co-Promoter of Quess offering 1000000 equity shares of face value of Rs. 10/- each representing 0.72% of the total paid up equity share capital of Quess in the OFS.

The Floor price approved in this respect is Rs. 800/- per equity share.

The meeting commenced at 03:00p.m. and concluded at 03:30p.m.

Shares of THOMAS COOK (INDIA) LTD. was last trading in BSE at Rs.233.85 as compared to the previous close of Rs. 230.85. The total number of shares traded during the day was 29433 in over 1533 trades.

The stock hit an intraday high of Rs. 239 and intraday low of 230. The net turnover during the day was Rs. 6928392.

Source : Equity Bulls

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