Shares of Quess Corp added 3.8 percent intraday Thursday as the company has acquired 100 percent in HCL Computing Products.
The administrative committee of the company at its meeting held on January 31 considered and approved the acquisition of 100 percent equity stake in HCL Computing Products for Rs 30 crore.
HCL Computing Products is a subsidiary of HCL Infosystems, and said acquisition will be completed on or before March 31, 2018.
The company also signed definitive agreements to acquire 100 percent equity in Monster (India) and Quesscorp Holdings Pte Ltd., a subsidiary of Quess Corp, has signed definitive agreements to acquire 100 percent equity in Monster.com SG Pte Ltd., 100 percent equity in Monster HK Limited and 49 percent equity in Monster Malaysia Sdn Bhd.
9:33 am Market Check: The Indian market is trading strong on the Budget Day, led by gains in Bank Nifty among other sectoral indices. Midcaps have continued their corrective phase. The Nifty midcap index is down about half a percent.
The Sensex is up 128.89 points or 0.36% at 36093.91, and the Nifty up 30.90 points or 0.28% at 11058.60. The market breadth is positive as 1084 shares have advanced, 548 shares declined, and 157 shares are unchanged.
L&T and M&M are the top gainers on both indices, while Tata Steel, Infosys, Vedanta and Bharti Infratel lost the most.
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