SIS inches up as its arm inks agreement to acquire 85% stake in Safety Direct Solutions
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SIS is currently trading at Rs. 455.30, up by 0.25 points or 0.05% from its previous closing of Rs. 455.05 on the BSE.
The scrip opened at Rs. 465.00 and has touched a high and low of Rs. 474.40 and Rs. 453.70 respectively. So far 3005 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 559.75 on 08-Feb-2022 and a 52 week low of Rs. 422.95 on 02-Nov-2021.
Last one week high and low of the scrip stood at Rs. 461.80 and Rs. 435.20 respectively. The current market cap of the company is Rs. 6725.86 crore.
The promoters holding in the company stood at 71.55%, while Institutions and Non-Institutions held 19.95% and 8.51% respectively.
SIS’s subsidiary -- SIS Australia Group has signed share purchase agreement for acquisition of 85% shareholding in Safety Direct Solutions. The cost of acquisition is AUD 5 million and the expected period for completion of the acquisition is on or before September 30, 2022. The said acquisition will make SIS Group Australia's largest Emergency Services provider.
SIS provides security, facility management and cash logistics services, which are essential to the functioning of a vibrant and healthy economy.
