Quess Group, India's leading Integrated Business Services provider, today annuonced the signing of a definive agreement to acquire Aramark India from Aramark, subject to statutory and regulatory approvals.

Based out of Mumbai, Aramark India is a facility management company with niche offerings in hospitatlity and healthcare facility management. The company has operations in more than 80 sites pan-India and with a workforce of over 2,500 employees spread across 9 states. Aramark India services several marquee clients, many of whom are among India's leading conglomerates.

Shares of the company declined Rs 5.35, or 2.68%, to trade at Rs 194.55. The total volume of shares traded was 96,797 at the BSE (3.21 p.m., Friday).