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Ishan Singh 4Ishan Singh 4 

I want to update a formula field(text type) with another fields data

Pawel BorysPawel Borys
And what's the problem?
Ishan Singh 4Ishan Singh 4
@Pawel Borys
I want to to update owner name into another field using formula field.
Pawel BorysPawel Borys
Do you mean just a formula displaying the owner's name? Then it's "Owner.Name"