Corporate News     24-Nov-23
SIS to invest Rs 3.5 cr in Entitled Solutions
SIS approved an investment of upto Rs. 3.5 crore in Entitled Solutions (Entitled), by way of subscription to Compulsorily Convertible Debentures (CCDs), for the acquisition of a minimum of 4.73% shareholding (subject to conversion of the CCDs as per the agreed valuation cap) in Entitled.

Entitled operates a tech enabled platform that helps low-income workers access financial and health services as well as get support with statutory and government schemes.

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 employee category since it provides significant benefits to blue collar employees.

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