SIS Limited acquires 4.20% stake in Updater Services Limited
SIS Limited has completed the acquisition of equity shares in Updater Services Limited (UDS). The purchase represents 4.20% of the paid-up equity share capital of UDS, which is part of the company's ongoing treasury management operations.The acquisition was finalized on June 5, 2026. For the cost of INR 51.39 crore, SIS Limited acquired 28,13,000 equity shares of Updater Services Limited.
Updater Services Limited operates in the Integrated Facilities Management (IFM) and Business Support Services (BSS) industry and functions as a leading, end-to-end integrated business services platform. The acquisition was determined not to constitute a related party transaction, and neither SIS nor its promoters have an interest in UDS.
UDS is registered under the Companies Act, 1956, and has been operating since November 13, 2003. The company has strategically evolved from a traditional IFM provider into a diversified enterprise offering both IFM and BSS solutions.
The turnover of Updater Services Limited over the past three financial years is as follows:
| Financial Year Ended on March 31 | Turnover (INR Crore) |
|---|---|
| 2026 | 1,762.41 |
| 2025 | 1,591.73 |
| 2024 | 1,417.12 |
The acquisition was completed using cash consideration.
SIS Stock Price Movement
SIS LIMITED shares today slipped by 2.52% to settle at ₹417.05, sinking after the stock had previously reached its 52-week high of ₹439.65 earlier this year. The stock saw substantial trading activity, with 493,627 shares transacting as it closed in the post-market session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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