Investment10 Sept 2025, 10:11 pm
SIS Ltd Completes INR 4.49 Crores Investment in Installco Wify Technology
AI Summary
SIS Ltd has completed the acquisition of 7,830 equity shares from the existing shareholders in Installco Wify Technology Private Limited for a total consideration of INR 4.49 crores. This investment was previously approved and announced on July 14, 2025, and is part of a larger investment plan that includes subscription to Compulsorily Convertible Preference Shares as a primary investment. The investment will result in SIS Ltd holding a 4.56% share in Wify.
Key Highlights
- SIS Ltd has completed an investment of INR 4.49 crores in Installco Wify Technology Private Limited.
- The investment is part of a larger plan that includes subscription to Compulsorily Convertible Preference Shares.
- SIS Ltd has acquired 7,830 equity shares from existing shareholders in Wify.
- The investment will result in SIS Ltd holding a 4.56% share in Wify.
- The investment details have been disclosed in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements), 2015 and SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.