BLS E-Services has received its board’s approval to enter into a binding offer to invest and acquire 100% equity shares of Atyati Technologies (ATPL) from its existing shareholders. ATPL is a Technology and Business Correspondent (BC) organization enabling banks to deliver financial services to rural and underbanked segments. ATPL operates across Financial Inclusion, Lending to micro-customers, and technology solutions with an agent network spanning across 1 lakh villages. The cost of acquisition is Rs 154 crore (based on the equity value).
The company is already in BC business across the country and through this acquisition, it intends to expand and consolidate its BC business. Additionally, the micro-lending and technology solutions will enable the company to further broaden its reach and strengthen its position in the financial inclusion sector. The acquisition is expected to be completed on or before March 31, 2026. Post the acquisition, ATPL will become wholly owned subsidiary of the company.
BLS E-Services is a technology enabled digital service provider, providing (i) Business Correspondents services to major banks in India, (ii) Assisted E-services; and (iii) E-Governance Services at grass root levels in India.
