Latest news with #BluspringEnterprises
Business Standard
2 days ago
- Business
- Business Standard
Digitide Solutions, Bluspring Enterprises debut after Quess Corp demerger
Shares of Digitide Solutions and Bluspring Enterprises were listed on the NSE and BSE today, 11 June 2025, following their demerger from Quess Corp. Digitide Solutions opened at Rs 245 per share on the BSE, while Bluspring Enterprises listed at Rs 86.95. Meanwhile, Quess Corp shares slipped 1.23% to trade at Rs 316.55. The demerger forms part of Quess Corps broader restructuring strategy, aimed at sharpening business focus and unlocking shareholder value. Under this realignment, the company has split its operations into three standalone verticals. Quess Corp will continue to house Indias largest workforce management company with a headcount of over 5 lakh and a footprint across 9 countries. Digitide Solutions will offer a comprehensive suite of solutions including BPM Services, Insurtech and HRO. With operations across 30 countries and delivery centres in Manila and India, it is well-positioned to capitalize on emerging BPM opportunities across diverse sectors. Digitide will leverage AI-driven technology to enable businesses in transforming data into enterprise power, provide real-time insights, automation, and scalability. Bluspring Enterprises will be an infra services company operating primarily in the areas of facility management, food services, security services, industrial and telecom infrastructure maintenance. Additionally, foundit - an AI driven white-collar job portal and candidate services platform, will be part of Bluspring Enterprises. In accordance with the demerger terms, shareholders received one share each in Digitide and Bluspring for every share held in Quess Corp. The move is intended to simplify the groups structure, giving each business the independence to pursue sector-specific strategies and scale their operations more efficiently. With clearly defined roles and leadership, the three entities are now positioned to address their respective markets with greater agility and focus.
Business Upturn
2 days ago
- Business
- Business Upturn
Bluspring Enterprises shares list at Rs 89 per share on NSE following demerger from Quess Corp
By Aditya Bhagchandani Published on June 11, 2025, 10:12 IST Bluspring Enterprises Limited made its stock market debut on June 11, 2025, with shares listing at Rs 89, and currently trading Rs 84.55 apiece on the National Stock Exchange (NSE) under the symbol BLUSPRING-BE . The company has also been listed on the Bombay Stock Exchange (BSE) under the ticker BLUSPRING , although trading was yet to commence there as of the latest update. This listing follows the successful execution of a Composite Scheme of Arrangement involving Quess Corp, Digitide Solutions, and Bluspring Enterprises, approved earlier by regulatory authorities. As part of the restructuring, Quess Corp shareholders received shares in the two new entities in a 1:1 ratio. Bluspring's debut on the exchange witnessed heavy selling pressure with over 10.5 lakh shares offered in early trade, indicating a supply overhang from the demerger. The stock opened without any immediate buy-side bids, reflecting investor caution on day one. With its formal listing now complete, Bluspring Enterprises will operate as an independent entity focused on workforce management and related services. Investors can access more details about the scheme and corporate structure on Quess Corp's official website. Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
