SIS has informed that the Investment Committee of SIS has, in its meeting held today, approved an investment of up to Rs 3.5 crores 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. The details required under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements), 2015 read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD1/P/CIR/2023/123 dated July 13, 2023 are enclosed as Annexure-A. The meeting commenced at 10:00 am and concluded at 11:25 am.
The above information is a part of company’s filings submitted to BSE.
