BLS E-Services Ltd.

BLS E-Services’ subsidiary -- Zero Mass (ZMPL) has signed definitive agreement for acquisition of Customer Service Points (CSPs) of State Bank of India (SBI) and HDFC Bank under Business Correspondence (BC) segment of Sub-K Impact Solutions (Sub-K) on a slump sale basis subject to approvals from Banks, other regulatory/ statutory authorities, as may be applicable, and completion of Condition Precedents of the definitive agreement. The object of this acquisition is to consolidate and expand the business correspondence segment of the Company.

The acquisition will be completed on or before September 30, 2025, subject to approvals from relevant Banks and completion of Condition Precedents of the definitive agreement. The cost of acquisition is around Rs 6.5 crore. 

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.