Date: September 4, 2026
Disinvestment / Strategic Actions
SIS Limited has acquired an additional 12,14,731 equity shares of Updater Services Limited (UDS), representing 1.81% of its paid-up equity share capital. The acquisition was completed on September 4, 2026, for a cash consideration of INR 28.54 crores.
Consequent to this acquisition, the aggregate shareholding of SIS Limited in UDS now stands at 66,97,313 equity shares, representing exactly 10.00% of the paid-up equity share capital of UDS.
Target Entity Details
Name: Updater Services Limited (UDS)
Industry: Integrated Facilities Management (IFM) and Business Support Services (BSS)
Date of Incorporation: November 13, 2003
Financial Performance (Turnover):
- Financial Year ended March 31, 2026: INR 1,762.41 crore
- Financial Year ended March 31, 2025: INR 1,591.73 crore
- Financial Year ended March 31, 2024: INR 1,417.12 crore
Transaction Details
Nature of Acquisition: The acquisition does not constitute a related party transaction. The promoter, promoter group, and group companies of SIS Limited do not have any interest in UDS.
Purpose: The acquisition has been made in accordance with the Company's investment policy.
Governmental Approvals: Not Applicable
Completion Status: Completed on September 4, 2026
Consideration Type: Cash Consideration
Cost of Acquisition: INR 28.54 crores
Share Details: 12,14,731 equity shares of face value INR 10 each acquired