Updater Services issue to open for public subscription on September 25

BL Chennai Bureau Updated - September 20, 2023 at 09:52 PM.

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.

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

Published on September 20, 2023 16:21
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