Shares of Digitide Solutions and Bluspring Enterprises debuted on the National Stock Exchange (NSE) and BSE on Wednesday following their demerger from Quess Corp Ltd as part of a broader restructuring plan.
Digitide Solutions listed at Rs 245 per share, while Bluspring Enterprises began trading at Rs 89 per share on both exchanges.
The listing follows Quess Corp’s earlier announcement, dated June 9, confirming the trading commencement of its two subsidiaries after receiving necessary approvals from the NSE and BSE.
"This is in continuation to our letter dated April 21, 2025. We wish to inform that Digitide Solutions Limited and Bluspring Enterprises Limited have received approval from BSE Limited and National Stock Exchange of India Limited for the listing of their equity shares. Effective from Wednesday, June 11, 2025, the equity shares of Digitide Solutions Limited and Bluspring Enterprises Limited shall be listed and admitted to dealings on the Exchanges," Quess Corp said in a regulatory filing.
Demerged from Quess, infra service spin-off Bluspring eyes 18-20% CAGR, 6% margins in 5 years
The demerger is part of Quess Corp’s strategy to separate its businesses into three distinct entities—Quess Corp, Digitide Solutions, and Bluspring Enterprises—each focused on a different vertical.
Post demerger, Quess Corp will continue to focus on workforce management services. Digitide Solutions will handle business process management, insurtech, and HR outsourcing, while Bluspring Enterprises will operate in the areas of facility management, industrial services, and investments.
As per the scheme of arrangement, shareholders of Quess Corp were allotted one share each in Digitide Solutions and Bluspring Enterprises for every share held in the parent company.
Quess Corp shares traded under selling pressure in today's trading session to trade at Rs 315.8 per share on the NSE, down 1.47 percent at 11:20 AM.
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