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Updater Services increases investment in Denave India

21 Aug 2024 Evaluate

Updater Services (UDS) has increased the investment in Denave India, Material subsidiary company from 67.27% to 89.57% by acquiring 37,48,614 equity shares from its promoters and other shareholders. The Subsidiary of UDS, Matrix Business Services India holds 10.43% in Denave. Further to the acquisition, the post shareholding percentage in Denave of UDS along with its subsidiary, Matrix Business Services India, is 100%.  Cost of acquisition is Rs 52.57 crore. 

Updater Services is a leading, focused and integrated business services platform in India offering integrated facilities management (IFM) services and business support services (BSS) to its customers, with a Pan-India presence.


Updater Services Share Price

160.70 -0.45 (-0.28%)
20-Apr-2026 12:28 View Price Chart
Peers
Company Name CMP
Quess Corp 195.60
SIS 321.20
TeamLease Services 1271.45
Bluspring Enterprise 66.32
Updater Services 160.70
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