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Quess Corp jumps 9% on preferential issue to Amazon

NEW DELHI: Shares of Quess Corp jumped 9 per cent in Friday's session after reports emerged that the company had approved the issuance of 7.54 lakh shares to Amazon.com NV.

Media reports suggested that the company's board approved the preferential issuance worth Rs 51 crore at Rs 676 per share to Amazon.com NV Investment.

The company had said in a BSE filing on Tuesday that its board of directors will meet on Friday, July 12, 2019, to consider and approve the investment up to Rs 51 crore in the company by an investor through the issuance of equity shares on preferentRead More – Source
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