Acquisitions3 Jul 2026, 10:40 pm
SIS Ltd Acquires Additional 1,96,289 Equity Shares in Updater Services
AI Summary
SIS Limited has announced the acquisition of an additional 1,96,289 equity shares in Updater Services Limited (UDS) for a cash consideration of ₹3.79 crore. This transaction increases SIS Limited's aggregate shareholding in UDS to 34,63,473 equity shares, representing 5.17% of UDS's paid-up equity share capital. The acquisition is part of SIS Limited's ongoing treasury management operations. 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. This acquisition does not constitute a related party transaction.
Key Highlights
- SIS Limited acquired an additional 1,96,289 equity shares in Updater Services Limited.
- The acquisition cost was ₹3.79 crore in cash consideration.
- SIS Limited's stake in Updater Services now stands at 5.17%.
- The transaction is part of treasury management operations.
- Updater Services reported a turnover of ₹1,762.41 crore for FY26.
Price Impact
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