Acquisitions29 Jun 2026, 10:40 pm
SIS Ltd Acquires Additional 1,68,184 Equity Shares of Updater Services Ltd
AI Summary
SIS Limited has announced the acquisition of an additional 1,68,184 equity shares in Updater Services Limited (UDS). This transaction, valued at INR 3.11 crore, increases SIS Limited's aggregate shareholding in UDS to 32,67,184 shares, representing 4.88% of UDS's paid-up equity share capital. The company stated that this acquisition is part of its ongoing treasury management operations and does not involve related parties. Updater Services Limited 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.
Key Highlights
- SIS Limited acquired an additional 1,68,184 equity shares in Updater Services Limited.
- The acquisition cost was INR 3.11 crore in cash consideration.
- SIS's total stake in UDS now stands at 4.88% (32,67,184 shares).
- The transaction is part of SIS's treasury management operations.
- UDS operates in the Integrated Facilities Management and Business Support Services industry.
Price Impact
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