SIS has received approval for an investment of upto Rs 3.5 crore in Entitled Solutions (Entitled), by way of subscription to Compulsorily Convertible Debentures (CCDs), for the acquisition of a minimum of 4.73% shareholding (subject to conversion of the CCDs as per the agreed valuation cap) in Entitled.
SIS had created SIS Ventures program to invest in early stage tech-enabled companies that provide Synergistics adjacencies and create value for its customers or employees. This investment fits in the employee category since it provides significant benefits to blue collar employees. The Investment Committee of the company at its meeting held on November 24, 2023, has approved the same.
SIS provides security, facility management and cash logistics services, which are essential to the functioning of a vibrant and healthy economy.
