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.
