Promoter holding will drop to 58.5% after the IPO from 80.5%. The company s revenue has been boosted by a series of acquisitions that helped drive top-line growth; however, the fair-value changes in liabilities payable on recent acquisitions have depressed profits. Considering this, investors may look at taking exposure in the company after the listing based on how new acquisitions create value in the next few quarters.
Incorporated in 1990, Updater Services offers facility management services and business support services and operates in the business-to-business (B2B) services space.
Incorporated in 1990, Updater Services offers facility management services and business support services. It operates in the business-to-business (B2B) services space.
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