Acquisitions11 Jul 2026, 06:00 pm
SIS Ltd Acquires Additional 3,37,957 Equity Shares in Updater Services
AI Summary
SIS Limited has announced the acquisition of an additional 3,37,957 equity shares in Updater Services Limited (UDS). This transaction, completed on July 10, 2026, for a cash consideration of INR 6.67 crore, increases SIS Limited's aggregate shareholding in UDS to 38,01,430 equity shares, representing 5.68% of UDS's paid-up equity share capital. 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. The acquisition aligns with SIS Limited's investment policy and does not constitute a related party transaction.
Key Highlights
- SIS Limited acquired 3,37,957 additional equity shares in Updater Services Limited.
- Total shareholding in UDS now stands at 5.68% (38,01,430 shares).
- Acquisition cost was INR 6.67 crore via cash consideration.
- UDS operates in IFM and BSS sectors with FY26 turnover of INR 1,762.41 crore.
- Transaction is not a related party deal and follows investment policy.
Price Impact
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