StockWatch
·
Diversified Commercial Services
Acquisitions4 Sept 2026, 09:01 pm

SIS Ltd Acquires Additional 1.81% Stake in Updater Services

AI Summary

SIS Limited has acquired an additional 12,14,731 equity shares of Updater Services Limited (UDS), increasing its stake by 1.81%. The total shareholding in UDS now stands at 66,97,313 shares, representing 10.00% of the paid-up equity. The acquisition was completed on September 4, 2026, for a cash consideration of INR 28.54 crores. UDS operates in the Integrated Facilities Management and Business Support Services industry, with a turnover of INR 1,762.41 crore for the fiscal year ended March 31, 2026. This acquisition aligns with SIS Limited's investment policy.

Key Highlights

  • SIS Ltd increased its stake in Updater Services Limited by 1.81%.
  • Total shareholding in UDS now represents 10.00% of paid-up equity.
  • Acquisition cost was INR 28.54 crores via cash consideration.
  • UDS operates in Integrated Facilities Management and Business Support Services.
  • UDS reported a turnover of INR 1,762.41 crore for FY26.