SIS To Acquire 51% Stake In SLV Security Services
Security and Intelligence Services (India) Limited (SIS) announced a strategic partnership with SLV Security Services (SLV), headquartered in Gurgaon, whereby it would take a 51% stake in SLV.
This is the first strategic transaction for SIS since its IPO. Last year, the company had notified the stock market about its Rs 1000 crore acquisition/investment corpus.
Founded by Mr Vishal Swara and Mr Shyam Swara, SLV was incorporated in 1986. SLV provides security services, electronic surveillance, event security/ management and security consulting services. The business currently generates over Rs 240 crores in revenues with a majority of the revenues coming from the NCR region. The company has over 650 customers and operates 1,575 sites.