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The board of Quess Corp, Thomas Cook’s Indian arm, on Monday approved the acquisition of an additional 8 per cent equity in Simpliance Technologies Pvt Ltd. Following the acquisition, Quess’s stake in Simpliance will increase to 53 per cent and will become its subsidiary. Simpliance provides technology-based governance, and risk and compliance solutions to organisations varying from large corporates to start-ups. Investors will closely monitor the development.
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