
Acquisitions19 Jun 2026, 09:30 pm
SIS Ltd Acquires Additional 1,78,000 Equity Shares in Updater Services
AI Summary
SIS Limited has acquired an additional 1,78,000 equity shares of Updater Services Limited (UDS) for a cash consideration of INR 3.24 crore. This acquisition increases SIS Limited's total shareholding in UDS to 30,99,000 equity shares, representing 4.63% of UDS's paid-up equity share capital. The transaction is part of SIS Limited's ongoing treasury management operations and does not involve related parties. UDS operates in the Integrated Facilities Management and Business Support Services industry, with a turnover of INR 1,762.41 crore for the financial year ended March 31, 2026.
Key Highlights
- SIS Limited acquired 1,78,000 additional equity shares in Updater Services Limited.
- The acquisition cost was INR 3.24 crore in cash.
- SIS's stake in UDS now stands at 4.63% (30,99,000 shares).
- The acquisition is part of treasury management operations.
- UDS operates in Integrated Facilities Management and Business Support Services.
Price Impact
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