SIS to widen security perimeter with Rs 650 crore APS Group buyout

SIS Limited, India's largest business services company, plans to acquire APS Group for approximately Rs 600-650 crore. This acquisition will be the largest buyout in the Indian private security industry. The deal will likely be completed in stages, with SIS acquiring an initial 51% stake. This move will significantly increase SIS's headcount and revenue, solidifying its position in the market.