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SIS acquires controlling stake in Bangalore-based Uniq

Business Finance

IANS  |  New Delhi 

Security services provider Security and Intelligence Services (SIS) on Monday announced the acquisition of majority stake of Bengaluru-based Uniq Detective and Security Services.

SIS bought 51 per cent stake in Uniq Detective and Security Services, and according to sources, the deal has been finalized at Rs 200 crore.

"SIS announced a strategic partnership with Uniq Detective and Security Services Pvt Ltd headquartered in Bengaluru, by signing a definitive agreement to take a 51 per cent stake in Uniq in the first tranche," SIS said in a statement on Monday.

Share price of SIS on the BSE settled at Rs 772 per share on Monday, higher by Rs 6.95 or 0.91 per cent from the previous close.



(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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First Published: Mon, December 17 2018. 20:50 IST