The said acquisition was initiated on May 24, 2022. The company earlier has informed that it has entered into an agreement for the acquisition of 49.99% shareholding in Terminix SIS India Private Limited.
Pursuant to the purchase of a 49.99% stake in the company, it will become a wholly-owned subsidiary of SIS Limited. The company acquired the stake from its joint venture partner SVM Services (Singapore)
The company acquired full control of its pest control arm for a consideration of US $100,000.
SIS Ltd is currently trading at Rs474.10 down by Rs1.2 or 0.25% from its previous closing of Rs475.30 on the BSE. The scrip opened at Rs476.05 and has touched day’s high and low of Rs477.70 and Rs469.70 respectively, so far.
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