Jump to content

Recommended Posts

Posted (edited)

It looks like Amazon was the seller of the Quess shares

 

https://www.devdiscourse.com/article/business/3248958-amazon-sells-stake-in-quess-corp-fairfax-boosts-holdings

 

In a notable move within the business services sector, Amazon has sold a portion of its stake in Quess Corp. The global e-commerce leader offloaded 7.54 lakh shares, constituting a 0.50% stake, for Rs 46 crore through an open market deal.

 

This transaction involved Amazon's investment arm, Amazon.com NV Investment Holdings, and was marked by shares being sold at an average price of Rs 610.20 apiece. The decision to divest comes as other significant stakeholders in Quess Corp, such as Fairfax Capital and Ajit Isaac, expanded their holdings.

 

Fairfax Financial Holdings' unit, Fairbridge Capital (Mauritius), alongside Quess Corp's chairman Ajit Isaac, increased their stakes by purchasing an additional 3.77 lakh shares each. 

 

 

Edited by Hoodlum

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
×
×
  • Create New...