Creation of three distinct entities likely to be value-accretive

Company
23 Feb 2024
5 Min read 
  • Quess Corp plans to split into three independent entities to unlock value for investors.
  •  The three entities will focus on different segments and have their own targets.
  •  The demerger process will take 12-15 months to complete.
  •  Each entity will have its own resources and capital allocation policy.
  •  The management believes that the standalone entities will create more value than the combined entity.
  •  The stock is rated as Neutral due to near-term industry headwinds.
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