Stocks In News - Joint Venture

• Quess Corp's board approved the preferential issue of 7.54 lakh equity shares to Amazon.com NV Investment Holdings LLC.
• The company will hold an extraordinary general meeting (EGM) on 8 August 2019 for seeking approval of the members for the aforementioned preferential issue.
• The Board has approved issue of 7,54,437 equity shares of the company having a face value of Rs 10/ share to Amazon.com NV Investment Holdings LLC, a category Ill Foreign Portfolio Investor for an aggregate amount of Rs 50.99 cr at an issue price of Rs 676 by way of a preferential allotment in accordance with applicable law, and subject to such regulatory/statutory approval as may be required, including approval of the shareholders of the Company.