3
0 GUESS DELIVERING GROWTH July 5, 2018 The General Manager The Manager Department of Corporate Services, Listing Department, BSE Limited, National Stock Exchange of India Limited, Floor 25, Phiroze Jeejeebhoy Towers, “Exchange Plaza”, Bandra-Kurla Complex, Dalal Street, Bandra (E), Mumbai-400001 Mumbai-400051 Scrip Code 539978 Scrip Symbol: QUESS Dear Sir/ Madam Sub: Press Release We wish to inform you that the Company today (i.e., July 05, 2018) has entered into a Memorandum of Understanding (MOU) with the East Bengal Club (EBC), a premier 98-year-old iconic football club based out of Kolkata. Quess and EBC have proposed to set up a new Joint Venture (JV) entity “Quess East Bengal FC Pvt. Ltd”. This partnership is intended to strengthen the branding initiatives of Quess as it goes out to build multiple platforms in the services space. The partnership will help Quess to improve its brand awareness and at the same time also contribute to sports participation and the development of football in the country A copy of press release is attached for your information and record. We will keep you informed separately, of any further development in regard to the above. Thanking You, Yours sincerely, For Quess Corp Limited r- Rajesh Kumar Modi Vice President-Legal & Company Secretary Enci. Copy of Press Release Guess Corp Limited Quess House, 3/3/2, Bellandur Gate, Sarjapur Road, Bengaluru-560103, Karnataka, India Telz+9180 6105 6001 | [email protected] | CIN No.L74140KA2007PL0043909 www.quesscorp.com

GUESSquesscorp.com/investor/dist/images/pdf/Announcements/pressrelease.pdf · services provider to building multiple platforms with a large number of employees and customers, it is

  • Upload
    others

  • View
    3

  • Download
    0

Embed Size (px)

Citation preview

0GUESS

DELIVERING GROWTH

July 5, 2018

The General Manager The ManagerDepartment of Corporate Services, Listing Department,BSE Limited, National Stock Exchange of India Limited,Floor 25, Phiroze Jeejeebhoy Towers, “Exchange Plaza”, Bandra-Kurla Complex,Dalal Street, Bandra (E),Mumbai-400001 Mumbai-400051

Scrip Code 539978 Scrip Symbol: QUESS

Dear Sir/ Madam

Sub: Press Release

We wish to inform you that the Company today (i.e., July 05, 2018) has entered into a Memorandum

of Understanding (MOU) with the East Bengal Club (EBC), a premier 98-year-old iconic football club

based out of Kolkata. Quess and EBC have proposed to set up a new Joint Venture (JV) entity “Quess

East Bengal FC Pvt. Ltd”. This partnership is intended to strengthen the branding initiatives of Quess

as it goes out to build multiple platforms in the services space. The partnership will help Quess to

improve its brand awareness and at the same time also contribute to sports participation and the

development of football in the country

A copy of press release is attached for your information and record.

We will keep you informed separately, of any further development in regard to the above.

Thanking You,

Yours sincerely,

For Quess Corp Limited

r-

Rajesh Kumar Modi

Vice President-Legal & Company Secretary

Enci. Copy of Press Release

Guess Corp Limited

Quess House, 3/3/2, Bellandur Gate, Sarjapur Road, Bengaluru-560103, Karnataka, India

Telz+9180 6105 6001 | [email protected] | CIN No.L74140KA2007PL0043909

www.quesscorp.com

0GUESS PRESS RELEASEDELIVERING GROWTH

BSE: 539978 | NSE: QUESS I ISIN: INE615P01015 I CIN: L7414OKA2007PLCO43909 I W QUESSCORP COM

Quess Corp Ltd inks partnership with East Bengal Club to form Quess East

Bengal FC Pvt. Ltd.

July 5, 2018. Thursday. Quess Corp Ltd., a $2bn publicly listed business services company today signed

an agreement with the East Bengal Club, a premier football club based in Kolkata, leading to the formation

of a new entity named “Quess East Bengal FC Pvt. Ltd.” (QEBFC).

The Bangalore headquartered services provider, one of India’s largest private sector employers with more

than 260,000 people on Its rolls, announced its investment in QEBFC to strengthen its branding initiatives

as it goes out to build multiple platforms in the services space. Sports cuts across geography, economic

strata and creates a unified constituency that seeks better living, fitness and a passion for winning, all of

which reflect the ethos of Quess. This investment in a 98-year-old iconic football club which is among the

premium football clubs in India enables Quess to develop its brand and at the same time contribute to

sports participation and the development of football in the country.

For EBFC, this development comes at the right time as it approaches a century of glorious existence and

provides it with a partner to invest to become the premium footballing brand in the country. For the fans and

members in the Club, this will develop a deeper engagement and a substantial association with the club’s

sporting activities and its winning ways.

Confirming the new partnership, proposed QEBFC Managing Director, Kalyan Majumdar, said, "We were

contemplating options after our association with U8 Group came to an end last month and approached

Quess with a partnership proposal. We are happy and excited with this partnership with the Quess brand

and together we are hopeful of building India’s best Football Club. The association with Quess is promising

and brings a refreshing change for the club and its members and fans with many untapped possibilities. We

believe our best is yet to come and we now aim to achieve new landmarks in the game of Footbal .

Commenting on the development, CMD of Quess, Mr. Ajit Isaac said, “As Quess develops from being a

services provider to building multiple platforms with a large number of employees and customers, it is

necessary that we invest in long—term branding initiatives that cut across multiple segments of the society.

The partnership with EBFC provide exactly this and we are excited by the possibility of contributing to the

development of world’s no.1 sport — “Football" in India and at the sametime to be invested in one of the best

sports properties. Sports and business both produce winners when the partnerships are right and the

investments are prudent. The sporting activities of the club will gather pace now with efforts to join the ISL

as well as to enhance the player base, training capacity and infrastructure required to achieve more

sporting trophies”

WWW.QUESSCORP.COM Page1of2

0GUESS PRESS RELEASEDELIVERING GROWTH

About East Ben al Club:

East Bengal Club, formed in 1920, is a premier football club based in Kolkata, the Mecca of India Football. It currently

competes in the l League, which is among the top 2 football leagues in India and will soon transition to ISL (Indian

Super League). The team was ranked as #1 in National Club Ranking among clubs of Top Leagues. It comes with a

98 years of legacy as premier Football club in India, with a Global fan base of~40Mn. The club has won three I- league

(earlier National Football League) tournaments, eight Federation Cups, and three Indian Super Cups, among others.

East Bengal Club won the LG ASEAN Club Cup in 2003 in Jakarta.

About Quesa Corp Ltd:

Quess Corp Limited (BSE: 539978, NSE: QUESS), is India‘s leading integrated business services provider. At

Quess, we excel in helping large and emerging companies manage their non-core activities by leveraging our

integrated service offerings across industries and geographies which provides significant operational efficiencies to

our clients. Quess has a team of over ~261,700 employees across India, North America, South America, South East

Asia and the Middle East across segments such as Industrials, Facility Management, People Services, TechnologySolutions and Internet Business. Quess serves over 1,700+ clients worldwide. Established in 2007, Quess is

headquartered in Bengaluru, India and has a market cap of over USD 2.3 Bn as on March 31, 2018.

For further details on Quess Corp Ltd., please visit: http:llwww.quesscorp.com.

For more information, please contact:

Media Contact:

Vinay Rao

Head - Marketing & Communications

[email protected]

0) +91 80 61056018

Disclaimer: This document contains statements that constitute forward-looking statements. These statements include

descriptions regarding the intent, belief or current expectations of the Company or its directors and officers with

respect to the results of operations and financial condition of the Company. These statements can be recognized bythe use of words such as ”expects", "plans", 'Wi/l", ”estimates", "projects", or other words of similar meaning. Such

forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and actual

results may differ materially from those in such forward-looking statements as a result of various factors and

assumptions, which the Company believes to be reasonable in light of its operating experience in recent years. The

risks and uncertainties relating to these statements include, but not limited to, risks and uncertainties, regardingfluctuations in earnings, our ability to manage growth, competition, our ability to manage our international operations,

government policies, regulations, etc. The Company does not undertake any obligation to revise or update any

forward looking statement that may be made from time to time by or on behalf of the Company including to reflect

actual results, changes in assumptions or changes in factors affecting these statements

WWW.QUESSCORP.COM Page20f2