Announced Wed, 1 Jul · 18:09 IST
Promoter Anjan Sarma gifts 3.5 percent stake to fellow promoter
UDS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+6.5%1-day move
₹181.80
prior close
₹182.30
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.3+0.2+1.7—+6.5+3.9+4.0+3.1+8.1+8.2+14.3———
Up moveDown movePending
AI summary
Promoter Mr. Anjan Sarma has transferred 23,44,025 equity shares equal to 3.50 percent of paid-up capital to fellow promoter Mr. Tangirala Venkata Subbiah Sarma as a gift through an off-market deal on June 30, 2026. After this transfer, Anjan Sarma holds 0 percent while Tangirala Venkata Subbiah Sarma holds 3.50 percent in Updater Services. Since both are promoters, the total promoter group shareholding remains unchanged and no money was exchanged in the transaction.
Likely market impact
Neutral for shareholders - internal reshuffle of promoter holdings via gift, total promoter stake unchanged, no impact on company finances.