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Security and Intelligence Services India Ltd to acquire 51% in Adis Enterprises Pvt Ltd

Posted On: 2019-12-06 21:22:52

Dusters Total Solutions Services Private Limited ("DTSS"), a wholly owned subsidiary of Security and Intelligence Services (India) Limited, on December 5, 2019, has signed definitive agreements to acquire initially 51% shareholding in Adis Enterprises Private Limited ("AEPL").

The acquisition would provide SIS' wholly owned subsidiary DTSS a gateway into the Hard Facility Management Services market, establishes relationships with some of the top pharmaceutical players, compliments and enhances our offerings in the pharmaceutical industry, and strengthens our position as an integrated Facility Management service provider.

DTSS will pay consideration of Rs. 86.13 Lacs for the Sloh upfront equity subject to any variance in Net Debt and Net Working Capital. 51% shareholding is being acquired initially and the balance would be acquired in July 2020 and January 2021.

Shares of Security and Intelligence Services (India) Ltd was last trading in BSE at Rs.917.25 as compared to the previous close of Rs. 922. The total number of shares traded during the day was 4 in over 4 trades.

The stock hit an intraday high of Rs. 917.9 and intraday low of 917.25. The net turnover during the day was Rs. 3670.


Source: Equity Bulls

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