SIS Ltd to invest in Agarsha Senior Care Pvt Ltd

The Investment Committee of SIS Limited ("SIS") has, in its meeting held today, approved an investment of up to INR. 10.16 crores in Agarsha Senior Care Private Limited ("Agarsha"), by way of: (a) subscription to Compulsorily Convertible Preference Shares ("CCPS") as a primary investment; and (b) acquisition of the equity shares from the existing shareholders as a secondary investment, for the acquisition of approximately 4.00% shareholding in Agarsha.

Agarsha Senior Care Private Limited is an integrated Elder Care platform, with 2 businesses.

(i) Emoha- a technology platform that offers a range of comprehensive services to help elders live comfortably at home. From India's first 24x7 elder emergency responder, to wireless sensors, preventive health monitoring, verified caregivers, household support, lively activities and an app designed exclusively for elders - Emoha caters to all the needs of an elder in the comfort of their home.

(ii) Epoch- Expert in Dementia Care, Assisted Living or other special needs at specially designed community homes, providing feel and comfort of own home.

SIS had created SIS Ventures program to invest in early stage tech-enabled companies that provide Synergistics adjacencies, and create value for its customers or employees.

This investment fits in the Customer category since it provides significant benefits to our SBUs in Security and Facility Management segment.

Shares of SIS LIMITED was last trading in BSE at Rs. 409.30 as compared to the previous close of Rs. 418.90. The total number of shares traded during the day was 13226 in over 701 trades.

The stock hit an intraday high of Rs. 429.55 and intraday low of 406.05. The net turnover during the day was Rs. 5478656.00.

Source : Equity Bulls

Keywords

SIS INE285J01028 Investment AgarshaSeniorCare