Motilal Oswal Private Equity commits Rs 100 cr in Updater Services

Motilal Oswal Private Equity-managed India Business Excellence Fund-II and India Business Excellence Fund-IIA have committed to invest Rs 100 crore for a minority stake in Chennai-based Updater Services Pvt Ltd (UDS). 

UDS is engaged in the business of providing integrated business services to clients across the country. This is the third round of private equity investment in the company, which has previously seen investors like New Vernon Private Equity and ICICI Ventures investing in 2004 and 2008, respectively.

UDS claims to be among the top five integrated facilities management service providers in the country. It has operations across the country,