Investment16 Oct 2025, 05:59 pm
SIS Ltd Completes INR 8 Crores Investment in Installco Wify Technology Private Limited
AI Summary
SIS Limited has completed the acquisition of Compulsorily Convertible Preference Shares (“CCPS”) in Installco Wify Technology Private Limited (“Wify”). The investment, amounting to INR 8 Crores, was made through a secondary investment in equity shares from existing shareholders and a primary investment in CCPS. This resulted in SIS Ltd holding a 4.56% share in Wify.
Key Highlights
- SIS Ltd has completed an INR 8 Crores investment in Installco Wify Technology Private Limited.
- The investment was made through a combination of secondary and primary investments in equity shares and Compulsorily Convertible Preference Shares.
- This has resulted in SIS Ltd holding a 4.56% share in Wify.
- The investment details have been disclosed as per Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements), 2015 and SEBI Circular No. SEBJ/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.