SIS Limited Acquires Additional Stake in Updater Services Limited
SIS Limited has announced the acquisition of an additional 6,53,960 equity shares of Updater Services Limited (UDS). This transaction marks a further expansion of the company's investment portfolio in line with its established investment policy.The acquisition was completed on July 17, 2026, for a total cash consideration of INR 12.67 crore. Following this latest purchase, SIS Limited now holds an aggregate position of 44,55,390 equity shares in UDS, which represents a 6.65% stake in the paid-up equity share capital of the target entity.
Updater Services Limited is an integrated business services platform that operates within the Integrated Facilities Management (IFM) and Business Support Services (BSS) industries. The company maintains its registered office in Chennai, Tamil Nadu.
The acquisition does not constitute a related party transaction, and neither the promoters nor the group companies of SIS Limited hold any interest in UDS.
Financial Performance of Updater Services Limited
Updater Services Limited has demonstrated consistent growth in turnover over the last three fiscal years. The financial data for the entity is presented 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 |
Transaction Summary
The following table outlines the specific details of the recent acquisition:| Parameter | Details |
|---|---|
| Target Entity | Updater Services Limited (UDS) |
| Industry | Integrated Facilities Management and Business Support Services |
| Number of Shares Acquired | 6,53,960 Equity Shares |
| Percentage Acquired | 0.97% |
| Consideration Type | Cash |
| Cost of Acquisition | INR 12.67 crore |
| Completion Date | July 17, 2026 |
SIS Stock Price Movement
Shares of SIS LIMITED on Friday slipped by 2.08% to settle at ₹431.1. The stock traded with a volume of 172,589 shares as it moved from an intraday low of ₹427.95.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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