ALPHA TRIBE

SIS LIMITEDImportant, 12-02-2025: General Updates

12-02-2025 | 05:51 pm

SIS Limited has approved an investment of up to INR 6 crores in Adhikosh Financial Advisory Private Limited, acquiring approximately 3.27% equity stake through Compulsorily Convertible Preference Shares (CCPS). This strategic move aligns with SIS Ventures’ goal to support early-stage, tech-enabled companies, particularly those that enhance employee benefits, such as providing early salary and on-demand loan facilities to its 2.85 lakh employees. Adhikosh, founded in 2019, operates a FinTech platform facilitating group loans for blue-collar workers in underserved Tier 2 to Tier 4 towns, emphasizing a white space in the microfinance market. The investment is expected to be completed within 45 days at a share price of INR 1,138.20, reflecting a positive outlook as SIS expands its services and supports its workforce.

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