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SIS signs share purchase agreement to acquire additional 2.36% stake in Staqu Technologies

22 Apr 2022 Evaluate

SIS has signed Share Purchase agreement for acquisition of additional 2.36% shareholding in Staqu Technologies (Staqu). With this, the cumulative shareholding to be acquired by the Company in Staqu will be 10.01%. The company proposes to invest Rs 1.5 crore for acquisition of 2.36% shareholding (2,393 shares) on a fully diluted basis in a combination of primary and secondary transactions in Equity and Compulsorily Convertible Preference Shares.

SIS provides security, facility management and cash logistics services, which are essential to the functioning of a vibrant and healthy economy.

Peers
Company Name CMP
SIS 389.45
Quess Corp 322.15
TeamLease Services 1109.60
Bluspring Enterprise 161.75
BLS Internatl. Serv. 221.55
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