
Acquisitions5 Jun 2026, 10:11 pm
SIS Acquires 4.20% Stake in Updater Services for ₹51.39 Cr
AI Summary
SIS Limited has acquired 28,13,000 equity shares, representing 4.20% of Updater Services Limited (UDS), for a cash consideration of INR 51.39 crore. This acquisition is part of SIS's treasury management operations. UDS operates in the Integrated Facilities Management (IFM) and Business Support Services (BSS) industry, with a turnover of INR 1,762.41 crore for the financial year ended March 31, 2026. The transaction is not a related party transaction and has been completed.
Key Highlights
- SIS Ltd acquired 4.20% stake in Updater Services Ltd.
- Acquisition cost was ₹51.39 crore in cash.
- Transaction is part of SIS's treasury management.
- Updater Services reported ₹1,762.41 crore turnover in FY26.
- Not a related party transaction.