Updater Services Limited
The Miri Strategic Emerging Markets Fund decreased its stake in Updater Services from 2.63% to 1.93%, selling 471,100 shares. The transaction value is approximately ₹9.25 Cr, calculated at the last closing price of ₹196.44 per share.
A diversified commercial services company, Updater Services provides integrated facilities management solutions and related services across multiple sectors in India. The company serves diverse customer segments including FMCG, manufacturing, engineering, BFSI, healthcare, IT, automobiles, logistics, warehousing, airports, ports, infrastructure, and retail industries. Its comprehensive service portfolio addresses the operational and facilities needs of large enterprises and organizations.
The MIRI Strategic Emerging Markets Fund is managed by MIRI Capital Management, a privately owned investment firm. It compounds capital by engaging with public and private companies, primarily across Asia and EMEA, and holds positions in Indian equities.