JSA, CAM, AZB lead on Conneqt acquisition of Allsec Technologies

Bar & Bench April 18 2019
Conneqt - Allsec Tech

Quess Corp's Conneqt Business Solutions unit is acquiring a majority stake in Allsec Technologies. The transaction is valued at approximately Rs. 271 crores.

Conneqt will buy 35.35% of the company from the promoters and 26% from First Carlyle Ventures Mauritius, taking its holding in the company to 61.35%. Under SEBI guidelines, Quess will make an open offer to shareholders of Allsec to purchase upto 26% of the company.

J. Sagar Associates acted for Conneqt Business Solutions and the . . .

This content is restricted to subscribers