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BLS International Services acquires additional stake in Reired

15 Feb 2023 Evaluate

BLS International Services has completed acquisition by purchase of additional 4,900 equity shares of Reired BLS International Services (Reired). Consequent to the said acquisition, the Company’s shareholding in Reired is increased from 51% (pre-acquisition) to 100% (post- acquisition) and Reired becomes the Wholly Owned Subsidiary of the Company with effect from February 14, 2023. The objective of acquisition is to further consolidate shareholding of the Company in Reired.

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.

Peers
Company Name CMP
SIS 418.30
Quess Corp 341.10
TeamLease Services 1172.95
Bluspring Enterprise 144.95
BLS Internatl. Serv. 224.25
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