SIS jumps as its arm acquires remaining 15% stake in Safety Direct Solutions
SIS is currently trading at Rs. 431.00, up by 9.55 points or 2.27% from its previous closing of Rs. 421.45 on the BSE.
The scrip opened at Rs. 429.90 and has touched a high and low of Rs. 432.00 and Rs. 422.35 respectively. So far 5542 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 560.00 on 20-Jan-2024 and a 52 week low of Rs. 393.05 on 04-Jun-2024.
Last one week high and low of the scrip stood at Rs. 438.95 and Rs. 417.65 respectively. The current market cap of the company is Rs. 6192.14 crore.
The promoters holding in the company stood at 71.69%, while Institutions and Non-Institutions held 19.65% and 8.67% respectively.
SIS’ subsidiary -- SIS Australia Group has acquired the remaining 15% shareholding in Safety Direct Solutions (SDS). Upon completion of this acquisition, the holding of SIS Australia Group in SDS has increased from 85% to 100%.
SIS provides security, facility management and cash logistics services, which are essential to the functioning of a vibrant and healthy economy.
