Acquisitions11 Jun 2026, 10:41 pm
SIS Ltd Acquires Additional Shares in Updater Services Ltd
AI Summary
SIS Limited has acquired an additional 1,08,000 equity shares of Updater Services Limited (UDS), increasing its total shareholding to 29,21,000 shares, representing 4.36% of UDS's paid-up equity. The acquisition, completed on June 11, 2026, for a cash consideration of INR 1.96 crore, is part of SIS Ltd's ongoing treasury management operations. 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 does not constitute a related party transaction.
Key Highlights
- SIS Ltd acquired an additional 1,08,000 equity shares in Updater Services Ltd.
- Total shareholding in UDS now stands at 4.36% (29,21,000 shares).
- Acquisition cost was INR 1.96 crore via cash consideration.
- Transaction is part of treasury management operations.
- UDS reported a turnover of INR 1,762.41 crore for FY26.
Price Impact
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