SIS Limited acquires 5.17% stake in Updater Services

1 min read Updated on 06 Jul 2026, 09:39 PM

Reviewed by

Suketu GScanX News Team

AI Summary

SIS Limited increased its stake in Updater Services Limited to 5.17% by acquiring 1,96,289 shares on July 3, 2026. The acquisition, made via the open market, was disclosed under SEBI takeover regulations. Post-acquisition, SIS Limited holds 34,63,473 equity shares in the target company.

*this image is generated using AI for illustrative purposes only.

SIS Limited has increased its shareholding in Updater Services to 5.17% through an open market acquisition on July 3, 2026. The acquirer purchased 1,96,289 equity shares, representing 0.29% of the target company's total paid-up equity share capital. Following this transaction, SIS Limited holds a total of 34,63,473 equity shares in Updater Services Limited.

The disclosure was submitted to the National Stock Exchange of India and BSE Limited in compliance with Regulation 29(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The filing confirmed that SIS Limited does not belong to the promoter or promoter group of Updater Services Limited. Prior to the acquisition, the acquirer held 32,67,184 equity shares, which accounted for 4.88% of the total share capital.

The equity share capital of Updater Services Limited remains at 6,69,53,241 shares of INR 10 each. The total diluted share capital, accounting for the full conversion of outstanding stock options, stands at 6,80,45,783 equity shares. The acquisition was executed solely through the open market route, with no other instruments such as warrants or convertible securities involved.

Details of Shareholding

Description	Number of Shares	% of Total Share Capital	% of Diluted Share Capital
Holding Before Acquisition
Shares carrying voting rights	32,67,184	4.88	4.80
Acquisition Details
Shares acquired	1,96,289	0.29	0.29
Holding After Acquisition
Shares carrying voting rights	34,63,473	5.17	5.09

The transaction was signed by Pushpalatha Katkuri, Company Secretary and Compliance Officer of SIS Limited, on July 6, 2026. Updater Services Limited is listed on both the National Stock Exchange of India and BSE Limited.

Historical Stock Returns for Updater Services

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.39%	+1.09%	+8.33%	+12.62%	-31.89%	-30.81%

Does SIS Limited intend to increase its stake further to trigger the open offer threshold?

How will this strategic stake influence the operational synergy between SIS Limited and Updater Services?

Is this acquisition a precursor to a potential takeover or merger proposal in the future?

Read Next Article

Promoter Anjan Sarma gifts 3.5% stake in Updater Services

0 min read Updated on 02 Jul 2026, 09:18 AM

Reviewed by

Jubin VScanX News Team

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Promoter Anjan Sarma gifted 23,44,025 equity shares, representing 3.50% of the paid-up capital, to his brother Tangirala Venkata Subbiah Sarma on June 30, 2026. The off-market transfer resulted in Anjan Sarma's shareholding reducing to zero, while Tangirala Venkata Subbiah Sarma's holding increased to 3.50%. The aggregate shareholding of the promoters remains unchanged following this inter-se transfer.

*this image is generated using AI for illustrative purposes only.

Promoter Anjan Sarma gifted 23,44,025 equity shares, representing 3.50% of the paid-up capital, to his brother Tangirala Venkata Subbiah Sarma on June 30, 2026. The off-market transfer resulted in Anjan Sarma's shareholding in Updater Services Limited reducing to zero, while Tangirala Venkata Subbiah Sarma's holding increased to 3.50%. The aggregate shareholding of the promoters remains unchanged following this inter-se transfer.

The disclosures were submitted to the stock exchanges in compliance with Regulation 29(1) and 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The transaction was executed as a gift, with the mode of transfer recorded as off-market. The equity share capital of the company stands at Rs. 66,95,32,410, divided into 6,69,53,241 equity shares of Rs. 10 each.