BLS International’s subsidiary -- BLS E-Services (BLSE) has entered into a definitive Share Purchase Agreement (SPA) to acquire a 55% controlling interest in Aadifidelis Solutions (ASPL) and its affiliates, for an Enterprise Value of approximately Rs 190 crore.
BLSE will make an upfront investment (Primary and Secondary) of approximately Rs 71 crore with balance consideration being deferred linked to achievement of milestones in FY2025. The acquisition will be an all-cash deal. The transaction will be completed in Q2 FY 2025.
Operating through a hub-and-spoke model, with a comprehensive Pan-India presence in 17 states and union territories, ASPL’s network of 8,600+ channel partners source loan enquiries, which will align with BLSE’s portfolio of Business Correspondents-led citizen-centric last mile banking services.
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.
