SIS LIMITED has informed the Exchange about the completion of the acquisition of Compulsorily Convertible Preference Shares ("CCPs") in Adhikosh Financial Advisory Private Limited ("Kosh"). Consequently, the Company has been allotted 52,715 CCPS of INR 1,138.20 in Kosh.
SIS · price
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SIS Limited has completed the acquisition of Compulsorily Convertible Preference Shares (CCPS) in Adhikosh Financial Advisory Private Limited, known as Kosh. The company has been allotted 52,715 CCPS valued at INR 1,138.20 each, taking the total investment to approximately INR 6 Crores. This follows the board's earlier approval disclosed on February 12, 2025, to invest up to INR 6 Crores in Kosh through Series A CCPS. The investment aligns with SIS's previously communicated strategic intent in the financial advisory space.
This is a routine update confirming the closing of a small, previously announced strategic investment of around INR 6 Crores, which is immaterial relative to SIS's overall size. Shareholders are unlikely to see any significant near-term impact on stock price, though it signals the company's continued interest in expanding into financial services.