BLS International Services has transferred its 100% equity shares held in its one of the wholly owned subsidiary, BLS Kendras to its another wholly owned subsidiary, BLS E-Services. In lieu of the said transfer of shares, BLS E-Services has issued and allotted 7,41,297 Equity Shares on October 31, 2022 in favour of the Company.
Pursuant to the above mentioned transaction, BLS Kendras has become a wholly owned subsidiary of BLS E-Services and a step down Subsidiary of the Company. Hence, there is no change in control of both the above mentioned subsidiary companies.
BLS International Services is a part of the four decades old BLS Group with a global presence and diversified range of services in polymers and petrochemicals, education, electronics, asset management, visa processing and management consulting.
