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SIS Limited ( (IN:SIS) ) has issued an announcement.
SIS Limited has announced the completion of its buyback of equity shares through a tender offer, as per the Securities and Exchange Board of India’s regulations. The buyback involved purchasing 37,12,871 equity shares at a price of 2404 INR per share, representing 2.57% of the company’s total paid-up equity capital. The buyback was oversubscribed, with valid bids amounting to approximately 2.78 times the shares available for buyback, indicating strong shareholder interest. This move is part of SIS Limited’s strategy to enhance shareholder value and optimize its capital structure.
More about SIS Limited
SIS Limited operates in the security services industry, providing a range of security solutions and services. The company focuses on offering comprehensive security services to various sectors, ensuring safety and protection for its clients.
Average Trading Volume: 14,300
Current Market Cap: 53.81B INR
Find detailed analytics on SIS stock on TipRanks’ Stock Analysis page.