Updater Services issue to open for public subscription on September 25

HomeMarket NewsUpdater Services issue to open for public subscription on September 25

Updater Services issue to open for public subscription on September 25

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September 20, 2023

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The Chennai-based company’s IPO consists of a ₹400-crore fresh issue and an offer-for-sale of up to 1.088 crore equity shares.

Promoter Tangi Facility Solutions Private Ltd will offload 40 lakh shares and two private equity funds — India Business Excellence Fund-II and India Business Excellence Fund–IIA — will sell 8 lakh and 32 lakh shares, respectively.

The company will announce a price band soon.

Updater Services provides a specialised business services platform operating across India, delivering integrated facilities management services and a range of other services.

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Updater Services issue to open for public subscription on September 25

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