Quess Corp Share Price: Trading Apps Show Stock Down More Than 50 Per Cent In One Session - Know Why

Quess Corp Share Price: On April 15, exchanges showed that the share price of Quess Corp had declined over 55 per cent to an intraday low of Rs 272.15 apiece. The sharp decline left many investors wondering about how the stock managed to fall so drastically in just one session.

Quess Corp Share Price Decline

Quess Corp's share price did not decline on the basis of any negative trigger. However, the stock’s price dropped as April 15 is the record date for the demerger of the company. Quess Corp has demerged its business into two companies called Digitide Solutions and Bluspring Enterprises along with Quess Corp Ltd remaining a separate entity.

The two companies are set to now operate as separate listed companies. The decline seen on the exchanges in Quess Corp share price occurred due to the subtraction of the value of the demerged businesses from Quess Corp's share price. The price shown on the exchanges is the adjusted market value of Quess Corp after the spin-off. Notably, Quess Corp had informed the exchange about the record date for the demerger on April 1.

“the Board of Directors of the Demerged Company, Resulting Company 1 and Resulting Company 2 have fixed the Record date i.e. Tuesday, 15th April 2025, for the purpose of ascertaining the shareholders of the Demerged Company who will be entitled to receive fully paid-up equity shares of Rs 10/- each of the Resulting Company 1 and Resulting Company 2,” the company said.

Quess Corp also said that after the eligibility of shareholders has been ascertained on the record date, the company will give fully paid-up equity shares of Rs 10 each of Digitide Solutions Ltd. and Bluspring Enterprises Ltd to its shareholders. Eligible shareholders will receive shares of the two companies in a 1:1 ratio. Eligible shareholders who hold shares of Qwill receive one share of Digitide Solutions and Bluspring Enterprises for every Quess Corp share held by them. The listing date for the shares of Digitide Solutions and Bluspring Enterprises is not known at the moment.

“Accordingly, 1 equity share of the face value of Rs. 10 each fully paid-up of the Resulting Company 1 shall be issued and allotted for every 1 equity share of face value of Rs 10/- each fully paid-up held by equity shareholders of the Demerged Company, and 1 equity share of the face value of Rs. 10/- each fully paid-up of the Resulting Company 2 shall be issued and allotted for every 1 equity share of face value of Rs 10/- each fully paid-up held by equity shareholders of the Demerged Company,” the company said.

Earlier in February 2024, the company informed the exchanges about its plans to demerge two of its companies. The company added that the company is undertaking the demerge to allow all three of its businesses to achieve standalone growth and unlock greater value along with serving their specific market better.

Quess Corp Share Price

Shares of Quess Corp re-listed on the bourses with a total market capitalisation of Rs 4,441.67 crore. At the time of writing the stock traded at Rs 298.2 apiece up by 5 per cent. Quess Corp’s stock has been relisted in the ‘T’ Group on the BSE. The stock is expected to remain in the ‘T’ group for nearly 10 sessions and have a circuit filter of 5 per cent on either side. Notably buying and selling of the stock is not allowed at the moment.