Business service provider Quess Corp on Friday said it will acquire the remaining 30 per cent equity stake in Conneqt Business Solutions from Tata Sons for Rs 208 crore.

With this transaction, Conneqt will become a wholly-owned subsidiary of Quess, the company added.

“This will accelerate Conneqt’s transition to non-voice services,” said Suraj Moraje, group CEO and managing director of Quess Corp.

Quess had acquired 51 per cent of Conneqt in November 2017, and further increased its stake in Conneqt from 51 per cent to 70 per cent in May 2019, via infusion of primary capital, which was used to fund the acquisition of Allsec Technologies Ltd.

Quess Corp said this investment will provide it full and complete ownership over Conneqt, allowing it to better realise synergies between its various divisions, Conneqt and Allsec.

It will also strengthen Quess’s position in the IT/ITES space, the company said.