Quess IPO! Thomas Cook mulling options for funding...stock ends 1% higher

India Infoline News Service | Mumbai | March 19, 2015 16:20 IST

Thomas Cook (India) Ltd has announced that the Board of Directors of the Company at its meeting held on March 18, 2015, noted that at an earlier convened Board Meeting of Quess Corp Limited [formerly IKYA Human Capital Solutions Limited

Thomas Cook (India) Ltd has announced that the Board of Directors of the Company at its meeting held on March 18, 2015, noted that at an earlier convened Board Meeting of Quess Corp Limited [formerly IKYA Human Capital Solutions Limited a subsidiary of Thomas Cook (India) Limited] on March 17, 2015, various options pertaining to the long term funding needs of Quess Corp Limited were discussed, including the initiation of a process to evaluate an Initial Public Offering (IPO).

The stock ended flat at Rs 208

The stock has hit a high of Rs 216 and a low of Rs 208.

The Sensex from a high of 28,979, consolidated around 28,800-odd level for the better part of the day before falling apart. So severe was the selling pressure that the BSE index plunged to a low of 28,412 - down 567 points from the day's high. The Sensex finally ended with a loss of 152 points at 28,470.
The NSE Nifty tumbled 173 points in intra-day deals, from a high of 8,788 the index plunged to a low of 8,615 before settling with a loss of 51 points at 8,635.

***Note: This is a NSE Chart

 

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