SIS is currently trading at Rs. 477.40, up by 0.30 points or 0.06% from its previous closing of Rs. 477.10 on the BSE.
The scrip opened at Rs. 472.60 and has touched a high and low of Rs. 485.50 and Rs. 466.05 respectively. So far 3793 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. 385.80 on 07-Jun-2021.
Last one week high and low of the scrip stood at Rs. 485.50 and Rs. 466.05 respectively. The current market cap of the company is Rs. 7019.66 crore.
The promoters holding in the company stood at 71.55%, while Institutions and Non-Institutions held 19.73% and 8.72% respectively.
SIS has signed definitive agreement for purchase of 49.99% shareholding of Terminix SIS India, a subsidiary of the Company. Currently, SIS and SVM Services (Singapore) (SVM) are the shareholders of Terminix and own 50.01% and 49.99% respectively.
SVM has agreed to sell and SIS has agreed to purchase from SVM, 100% of the shares held by SVM in Terminix (49.99%) for an aggregate consideration of $100,000 (equivalent to approximately Rs 77,50,000). Considering the long-term potential in the pest management business, the Board of SIS has decided to purchase all the shares held by SVM in Terminix. With this transaction, Terminix will become a wholly owned subsidiary of the Company.
SIS provides security, facility management and cash logistics services, which are essential to the functioning of a vibrant and healthy economy.