Private security firm SIS India is raising $100 Mn through PE by diluting 10-15% stake to fund its future acquisition plans.
It also plans to rapay debt which was Rs.35.85 Cr as on March 2009.
Hedge fund DE Shaw & Co currently holds 14% in SIS which it bought in 2008 for around Rs 300 Cr ($75 mn) and plans to exit the firm in next few months.
The company has hired NM Rothschild to bring in the investors.
