Quess Corp to Exit BSE 500 Index Amid Demerger; Bajaj Housing Finance to Replace

The Bombay Stock Exchange (BSE) announced on April 9, 2025, that Quess Corp will be excluded from several major indices due to its ongoing demerger. The company, currently part of the BSE 500, will also exit indices such as BSE Allcap, BSE Smallcap, BSE MidSmallcap, BSE Services, BSE 250 SmallCap, BSE 400 MidSmallCap, BSE 1000, and BSE 1000 Multicap Equal Size Weighted (25%).

The decision comes as part of the implementation of the Composite Scheme of Arrangement involving Quess Corp, Digitide Solutions, and Bluspring Enterprises.

Bajaj Housing Finance to Replace Quess Corp in Key Indices

Following Quess Corp’s exit, Bajaj Housing Finance will be included in the following indices:

• BSE 500
• BSE 250 SmallCap
• BSE 400 MidSmallCap
• BSE 1000
• BSE 1000 Multicap Equal Size Weighted (25%)

The replacement will take effect as per the index methodology in response to Quess Corp’s demerger activity.

Demerger Record Date and Ratio Announced

Quess Corp has fixed April 15, 2025, as the record date for the demerger. This date will determine the eligibility of shareholders entitled to receive shares in the resulting entities.

Under the approved arrangement, shareholders of Quess Corp will receive 1 equity share each of Digitide Solutions and Bluspring Enterprises for every 1 share held in Quess Corp. The resulting companies are expected to begin trading on BSE and NSE within the next 2 months.

Quess Corp Share Price Performance

As of the end of trading on April 9, 2025, Quess Corp’s shares closed at ₹590.00 on the NSE, reflecting a 7.49% decline for the day. The Deliverable/Traded Quantity stood at 55.67%, and the company’s market capitalisation was recorded at ₹8,788.02 crore.

Conclusion

With the demerger process progressing, Quess Corp is set to exit multiple indices, triggering replacement by Bajaj Housing Finance in key BSE indices. Shareholders can expect allocation of shares in the resulting entities based on the announced demerger ratio. The record date of April 15 will be a key milestone in the restructuring process, with trading in new entities expected to begin in the following 2 months.

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