Date: June 5, 2026
Board Meeting Outcomes
- The Company has acquired 28,13,000 equity shares of Updater Services Limited (UDS), representing 4.20% of the paid-up equity share capital of UDS.
- The acquisition forms part of the Company's ongoing treasury management operations.
- The transaction was completed on June 5, 2026.
- The consideration was paid in cash (amount not disclosed).
Disinvestment / Strategic Actions
Target Entity Details:
- Name: Updater Services Limited (UDS)
- Date of Incorporation: November 13, 2003
- Industry: Integrated Facilities Management (IFM) and Business Support Services (BSS)
- Business Description: UDS has strategically evolved into a leading, end-to-end integrated business services platform, transitioning from a traditional Integrated Facilities Management (IFM) provider to a diversified enterprise offering both IFM and Business Support Services (BSS) solutions.
Financial Performance of UDS:
- FY2026 Turnover: ₹1,762.41 crore
- FY2025 Turnover: ₹1,591.73 crore
Transaction Details:
- Number of shares acquired: 28,13,000 equity shares
- Percentage stake: 4.20% of paid-up equity share capital
- Transaction type: Treasury investment
- Consideration: Cash
- Completion date: June 5, 2026
- Related party status: Not a related party transaction
- Promoter/promoter group/group companies interest: None
- Governmental/regulatory approvals: Not required