Updater Services Limited
Bandhan Mutual Fund sold 21,56,652 shares of Updater Services Limited for ₹41.63 Cr at ₹193.04 apiece in an open market transaction, decreasing its stake from 9.48% to 6.26%.
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.
Formerly IDFC Mutual Fund, rebranded after Bandhan Financial Holdings acquired IDFC's AMC in 2023. Manages over Rs 1.5 lakh crore. Known for strong debt and liquid funds, plus well-regarded equity offerings including the IDFC-lineage Sterling Value Fund and Focused Equity Fund. One of the cleaner transitions in Indian AMC ownership history.