BLS International Services’ listed subsidiary -- BLS E-Services has successfully acquired 100% equity share capital of the Atyati Technologies (ATPL). Post this acquisition, ATPL has become a step-down subsidiary of the company. The cost of acquisition of stake is Rs 156.82 crore.
ATPL is an AI-powered banking technology Service provider to banks and financial institutions and Business Correspondent (BC) services for various banks for last mile connectivity. Through this acquisition, BLS intends to expand and consolidate its BC business. Additionally, the microlending and technology solutions will enable BLS to further broaden its reach and strengthen its position in the financial inclusion sector.
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.
| Company Name | CMP |
|---|---|
| SIS | 425.90 |
| Quess Corp | 290.75 |
| TeamLease Services | 1418.55 |
| Bluspring Enterprise | 123.70 |
| Updater Services | 194.30 |
| View more.. | |
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