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Quess looking to divest East Bengal's shares

It is an open secret that Quess Corp Limited are all set to round up its relationship with East Bengal at the end of the ongoing season. The technological and business services provider has now confirmed that it will pull out of the Kolkata club by May 31, 2020.

In fact, Quess are looking for an early exit, provided they can find a party who can buy out their shares. If they can't do the same, Quess will exit the club at the end of May as planned earlier.

During Quess' Q3 earnings conference call held on January 30, Group CEO & Executive Director Subrata Nag made it clear that the technological and business services provider will have no financial liability after May 31, 2020, with Quess East Bengal Football Club (QEBFC).