SIS LIMITEDSISNSE
Update on the acquisition of Compulsorily Convertible Preference Shares in Installco Wify Technology Private…
As filed · SIS LIMITED has informed the Exchange about update on the acquisition of Compulsorily Convertible Preference Shares in Installco Wify Technology Private Limited.
M&AWatchMajormateriality 82 out of 100
What happened
FactSIS LIMITED has informed the Exchange about update on the acquisition of Compulsorily Convertible Preference Shares in Installco Wify Technology Private Limited. Limited (“Wify”) by way of: (a) acquisition of equity shares from the existing shareholders, as a. completed the acquisition of Compulsorily Convertible Preference Shares (“CCPS”) in Wify.
Why it matters
CapitSignal interpretationAn acquisition spends cash or issues shares today for earnings that arrive later, so the price paid and the funding route decide whether holders gain.
Watch next
Fact- Consideration and how it is funded
- Revenue and profit of the target
- Expected completion date
Evidence
How CapitSignal classified this
- Reasoning:
- ACQUISITION base 74; +5 quantified amount; +3 quantified percentage; matched on subject
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 75%