SIS has signed Share Subscription Agreement for acquisition of 7.65% shareholding in Staqu Technologies. The company proposes to invest Rs 5 crore for acquisition of 7.65% shareholding (7,773 shares) in Staqu Technologies on a fully diluted basis in Compulsorily Convertible Preference Shares.
Video analytics-based security solutions are expected to transform the security industry worldwide and the Company, to keep pace with this transformative trend, proposes to invest in such strategic capabilities.
SIS provides security, facility management and cash logistics services, which are essential to the functioning of a vibrant and healthy economy.
