SIS LIMITED acquires additional equity in Updater Services Limited (UDS) for treasury management
SIS LIMITED has increased its stake in Updater Services Limited (UDS), reporting the acquisition of an additional 1,08,000 equity shares in the target company. This transaction, completed on June 11, 2026, forms part of SIS LIMITED's ongoing treasury management operations.Following the latest acquisition, SIS LIMITED's aggregate shareholding in UDS now stands at 29,21,000 equity shares, which represents 4.36% of UDS’s paid-up equity share capital.
The details of this transaction indicate that SIS LIMITED acquired a total of 1,08,000 equity shares through cash consideration at a cost of INR 1.96 crore. This specific tranche accounted for 0.16% of the total shareholding acquired.
Background on Updater Services Limited (UDS)
Updater Services Limited operates within the Integrated Facilities Management (IFM) and Business Support Services (BSS) industry, positioning itself as a leading, end-to-end integrated business services platform. UDS was incorporated under the Companies Act, 1956 on November 13, 2003.The company has demonstrated consistent growth in turnover over the past three years. The financial performance of Updater Services Limited is detailed below:
| Financial Year Ended | Turnover (INR Crore) |
|---|---|
| March 31, 2026 | 1,762.41 |
| March 31, 2025 | 1,591.73 |
| March 31, 2024 | 1,417.12 |
UDS has transitioned from a traditional Integrated Facilities Management (IFM) provider to offering diversified enterprise solutions across both IFM and BSS services.
SIS Stock Price Movement
On Thursday, shares of SIS LIMITED surged to close at ₹428.65, having rallied by 3.36% in the trading session. The equity hit its 52-week high during the period, with total traded volume standing at 376,563 shares.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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