SIS Limited Acquires Additional 1.81% Stake in Updater Services Limited for ₹28.54 Crore
SIS Limited acquired an additional 12,14,731 equity shares (1.81%) in Updater Services Limited (UDS) for ₹28.54 crore cash consideration. SIS's total holding in UDS is now 10.00%. UDS reported a turnover of ₹1,762.41 crore for FY26. The acquisition was completed on September 4, 2026.
The acquisition of an additional 1.81% stake, bringing the total to 10.00%, is a significant move that could impact the company's consolidated financials and strategic direction in the IFM and BSS sectors.
The company has increased its stake in another entity, which is generally viewed positively as it indicates growth and strategic expansion.
SIS Limited has announced the acquisition of an additional 12,14,731 equity shares in Updater Services Limited (UDS). This acquisition represents 1.81% of UDS's paid-up equity share capital.
Following this transaction, SIS Limited's aggregate shareholding in UDS now stands at 66,97,313 equity shares, which constitutes 10.00% of UDS's paid-up equity share capital. The acquisition was completed on September 4, 2026, and involved a cash consideration of ₹28.54 crore.
Updater Services Limited operates in the Integrated Facilities Management (IFM) and Business Support Services (BSS) industry. For the financial year ended March 31, 2026, UDS reported a turnover of ₹1,762.41 crore. The acquisition does not constitute a related party transaction, and the promoter, promoter group, and group companies of SIS Limited have no interest in UDS. The acquisition aligns with SIS Limited's investment policy.
A plain-language summary of a public exchange filing by SIS LIMITED. Read the original for the full detail.
