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4-Traders Homepage  >  Equities  >  NATIONAL STOCK EXCHANGE OF INDIA  >  Quess Corp Ltd    QUESS   INE615P01015

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Quess : completes acquisition of 70% equity in Vedang Cellular

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11/11/2017 | 12:31am CET

The company has completed acquisition of 70% equity in Vedang Cellular Services Private Limited on November 10, 2017. The purchase consideration for this deal is Rs 400 millions. The company has completed the acquisition of 70% equity in Vedang Cellular Services Private Limited on November 10, 2017. The purchase consideration for this deal is Rs 400 million.

Quess Corp announced on October 25, 2017, that it will be acquiring Vedang Cellular Services Private Limited. The company had signed a definitive agreement to acquire 70% stake in equity in Vedang Cellular Services.

Vedang is in the business of Telecom Network Optimization and Installation of Active Components in the Telecom Network. The company has over 1,500 professionals and reported a revenue of Rs 78 Cr in FY-17.

Vedang Cellular complements the company’s current capabilities in telecom network management in terms of diversified service offerings, geographical reach and customer base.

The stock is trading at a price of Rs 831, up by 1.1% or Rs 9 on NSE at 2.49 pm.

The promoters hold 81.52% stake in the company.

(c) 2017India Infoline Ltd. All rights Reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials ( INR)
Sales 2018 60 392 M
EBIT 2018 3 268 M
Net income 2018 3 084 M
Finance 2018 8 155 M
Yield 2018 -
P/E ratio 2018 40,66
P/E ratio 2019 33,84
EV / Sales 2018 1,95x
EV / Sales 2019 1,53x
Capitalization 126 B
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Quess Corp Ltd Technical Analysis Chart | QUESS | INE615P01015 | 4-Traders
Technical analysis trends QUESS CORP LTD
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TrendsBullishNeutralBullish
Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 7
Average target price 968  INR
Spread / Average Target 6,5%
EPS Revisions
Managers
NameTitle
Ajit Isaac Chairman, Managing Director & CEO
Subrata Kumar Nag Chief Financial Officer & Executive Director
Vikram Gulati President-Global Technology Solutions
Madhavan Karunakara Menon Non-Executive Director
Pravir Kumar Vohra Independent Non-Executive Director
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