Acquisitions18 Jul 2026, 10:30 am
SIS Ltd Acquires Additional 6.53 Lakh Shares in Updater Services
AI Summary
SIS Limited has acquired an additional 6,53,960 equity shares of Updater Services Limited (UDS), increasing its total shareholding to 44,55,390 shares, representing 6.65% of UDS's paid-up equity. The acquisition, completed on July 17, 2026, involved a cash consideration of INR 12.67 crore. UDS 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 transaction is not a related party transaction and does not involve any interest from SIS Limited's promoter or promoter group in UDS.
Key Highlights
- SIS Ltd acquired 6,53,960 additional equity shares in Updater Services Limited.
- Total shareholding in UDS now stands at 44,55,390 shares, or 6.65%.
- Acquisition cost was INR 12.67 crore in cash.
- UDS operates in Integrated Facilities Management and Business Support Services.
- The deal is not a related party transaction.
Price Impact
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