You are here: Home » News-IANS » Business-Economy
Business Standard

SIS acquires controlling stake in Bangalore-based Uniq

Topics
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.

--IANS

rrb/mr

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

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

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