Moneycontrol BureauTravel company Thomas Cook shares fell nearly 3 percent intraday Tuesday on profit booking after its subsidiary Quess Corp listed equity shares on exchanges.
Quess Corp started off first trade at Rs 500 on the National Stock Exchange, higher by 57.7 percent over its issue price of Rs 317. The stock touched an intraday high of Rs 507.90 (up 60.2 percent over IPO price) and low of Rs 480 (up 51.4 percent) after listing.
Quess Corp, promoted by Ajit Issac and Thomas Cook, is engaged in the recruitment, staffing, payroll and compliance management services in India. It was acquired by Thomas Cook in 2013.
After the public issue, the promoters' stake in the company reduced to 89.5 percent from 99.5 percent.
At 13:13 hours IST, the scrip of Thomas Cook (India) was quoting at Rs 214.65, down Rs 5.70, or 2.59 percent on Bombay Stock Exchange.Posted by Sunil Shankar Matkar
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.
