SIS LIMITED Acquires Additional Shares in Updater Services Limited, Reaching 5.68% Stake
SIS LIMITED has increased its stake in Updater Services Limited (UDS) following the acquisition of an additional shares, bringing its total holding in the company to 5.68%.The acquisition involved purchasing 3,37,957 equity shares of UDS. The transaction, completed on July 10, 2026, was conducted through cash consideration and incurred a cost of INR 6.67 crore. This purchase solidifies the company's interest in the Integrated Facilities Management (IFM) and Business Support Services (BSS) sector.
The aggregate shareholding of SIS LIMITED in UDS now stands at 38,01,430 equity shares, representing a 5.68% stake in the paid-up equity share capital of Updater Services Limited.
Profile of Updater Services Limited
UDS is an integrated business services platform incorporated under the Companies Act, 1956 on November 13, 2003. The company operates in the Integrated Facilities Management (IFM) and Business Support Services (BSS) industry. UDS has been growing steadily, with reported turnover figures provided below:| Financial Year | Turnover (INR Crore) |
|---|---|
| Ended March 31, 2026 | 1,762.41 |
| Ended March 31, 2025 | 1,591.73 |
| Ended March 31, 2024 | 1,417.12 |
The acquisition falls in line with SIS Limited's stated investment policy and is not considered a related party transaction, as the promoter group of SIS LIMITED has no interest in UDS.
SIS Stock Price Movement
Shares of SIS LIMITED on Friday shed ₹0.2, settling at the close at ₹435.5 after declining 0.05%. The equity saw a total traded volume of 91,055 shares during the 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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