Quess Corp has officially decided to end their joint venture with East Bengal on Friday by executing a termination of the Share Subscription and Shareholder’s Agreement between Quess East Bengal FC (QEBFC), East Bengal Club and the Company.
In a letter addressed to the Department of Corporate Services of the National Stock Exchange of India Limited, Quess Corp states, “Please note that the Board of Directors has considered, approved and noted execution of termination of the Share Subscription and Shareholder’s Agreement (“Agreement”) dated July 5, 2018, executed between Quess East Bengal FC Private Limited (“QEBFC”), East Bengal Club (“Club”) and the Company.