AV AC DC RENEW PRIVATE LIMITED agreed to acquire 26% of stake in Quest Softech (India) Limited (BSE:535719) for INR 10.4 million on June 30, 2022. AV AC DC is paying INR 4 per share. The tender offer will be commenced from August 24, 2022, and will closed on September 7, 2022.

As of September , 2022, the tender offer will be commenced from September 13, 2022, and will closed on September 26, 2022. Committee of Independent directors of Quest Softech believe that the offer is fair and reasonable. Kunvarji Finstock Private Limited acted as financial advisor, Purva Sharegistry (India) Pvt.

Ltd. acted as a transfer agent to AV AC DC.