India: Quess buys out Comtel; Biocon pares stake in Syngene; Avenue promoter to sell 1%

India: Quess buys out Comtel; Biocon pares stake in Syngene; Avenue promoter to sell 1%

Biocon chairperson and managing director Kiran Mazumdar-Shaw. Photo: Hemant Mishra/Mint

While Quess Corp is acquiring the remaining 36 per cent stake in Comtel Solutions, Biocon Ltd has sold almost 2 per cent stake in its research arm Syngene. Also Avenue Supermarts promoter Radhakishan Damani is selling up to 1 per cent stake in open market.

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