| 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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