India’s Quess targets Rs. 1.5 billion debentures by private placement

By Susanna Moon

Chicago, Jan. 18 – Quess Corp. Ltd. notified the Bombay Stock Exchange that it is planning to issue up to Rs. 1.5 billion of debentures in a private placement.

The issue was authorized by the company’s board of directors at a meeting held Nov. 28 and subsequently approved by the company’s members by way of a special resolution through postal ballot on Jan. 17, according to the notice.

The company’s board will hold a meeting on Jan. 20 to approve the terms of issue.

Quess is a staffing services company based in Bangalore, India.

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