diff --git a/5.2.3.tar.gz b/5.2.3.tar.gz
deleted file mode 100644
index 3adfc27..0000000
--- a/5.2.3.tar.gz
+++ /dev/null
@@ -1,3 +0,0 @@
-version https://git-lfs.github.com/spec/v1
-oid sha256:b93f4cd81a2e592d57fbc6e1673a4bf9c84e6fb1fe0b5f92bef9c57727998a32
-size 1267934
diff --git a/5.3.0.tar.gz b/5.3.0.tar.gz
new file mode 100644
index 0000000..3048cdf
--- /dev/null
+++ b/5.3.0.tar.gz
@@ -0,0 +1,3 @@
+version https://git-lfs.github.com/spec/v1
+oid sha256:45a5d237490b6b48cad625c0f8be877d260ea35a6646d0227e1e46f868da8848
+size 1270508
diff --git a/python-rpyc.changes b/python-rpyc.changes
index 567a12f..a5959a4 100644
--- a/python-rpyc.changes
+++ b/python-rpyc.changes
@@ -1,3 +1,12 @@
+-------------------------------------------------------------------
+Tue Dec  6 15:32:20 UTC 2022 - Yogalakshmi Arunachalam <yarunachalam@suse.com>
+
+- Update to version 5.3.0 
+  #515 Support for Python 3.11 is available after teleportation bug fix
+  #507 Experimental support for threading is added (default is disabled for now)
+  #516 Resolved server-side exceptions due to the logic for checking if a name is in ModuleNamespace
+  #511 Improved documentation on the life-cycle of a netref/proxy-object
+
 -------------------------------------------------------------------
 Mon Sep 26 08:17:17 UTC 2022 - Daniel Garcia <daniel.garcia@suse.com>
 
diff --git a/python-rpyc.spec b/python-rpyc.spec
index bc4de24..630d3f9 100644
--- a/python-rpyc.spec
+++ b/python-rpyc.spec
@@ -27,7 +27,7 @@
 %endif
 %global skip_python2 1
 Name:           python-rpyc%{psuffix}
-Version:        5.2.3
+Version:        5.3.0
 Release:        0
 Summary:        Remote Python Call (RPyC), a RPC library
 License:        MIT