Amazon sells Quess Corp shares for Rs 46 crore; promoter Fairfax Capital hikes stake

World e-commerce big Amazon on Saturday offered shares of enterprise companies supplier Quess Corp for Rs 46 crore by way of an open market transaction, whereas promoter billionaire Prem Watsa promoted Fairfax Capital elevated its holding within the firm. US-based Amazon, by way of its funding arm Amazon.com NV Funding Holdings, offloaded 7.54 lakh shares or 0.50 per cent stake in Bengaluru-based Quess Corp, as per the majority deal knowledge obtainable on the BSE.

The shares had been disposed of at a median value of Rs 610.20 apiece, taking the transaction worth to Rs 46.03 crore.

In the meantime, Fairfax Monetary Holdings’ affiliate Fairbridge Capital (Mauritius) and Ajit Isaac (Chairman of Quess Corp), the 2 promoters of Quess Corp, elevated their holdings, by selecting up a further 3.77 lakh shares of the corporate every.

“Pursuant to Sebi (Itemizing Obligations and Disclosure Necessities) laws, 2015, we wish to inform that Fairbridge Capital (Mauritius) Ltd has bought 3,77,218 shares, and Ajit Isaac, Promoter has bought 3,77,219 fairness shares of the corporate on February 1, by way of market trades on the inventory trade,” Quess Corp mentioned in two separate filings on Saturday.

Shares of Quess Corp rose 3.11 per cent to shut at Rs 613.85 apiece on the BSE.