BLS International Services Limited has announced the acquisition of an additional equity stake in its subsidiary, BLS E-Services Limited (BLSE). This investment was made in the secondary market and, with a cumulative cost of acquisition exceeding 2% of the company’s net worth for FY 2026-27, it necessitates this disclosure. The acquisition is part of BLS International’s strategy to create long-term value.
Strategic Investment in Subsidiary
BLS International Services Limited has further strengthened its holdings in its subsidiary, BLS E-Services Limited (BLSE), through a secondary market acquisition. This move signifies a strategic investment aimed at enhancing long-term value creation for the company.
Disclosure Requirements Met
The disclosure is being made as per Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The cumulative cost of this acquisition, along with previous investments in FY 2026-27, now exceeds 2% of BLS International’s net worth, triggering the mandatory reporting threshold. The transaction was conducted on an arm’s length basis.
BLS E-Services Overview
BLS E-Services Limited is primarily engaged in providing digital services and Business Correspondent services to major Indian banks. Incorporated on 12/04/2016, the subsidiary reported a turnover of Rs. 87.35 Crores for FY 2025-26 and has a net worth of Rs. 423.26 Cr. The paid-up share capital of BLSE is Rs. 90,85,64,850.
Financial Impact
The cost of the current acquisition is Rs. 4.29 Crores. The total cumulative cost of acquisition in FY 2026-27 stands at Rs. 45.22 Crores. BLS International has acquired an additional 20,07,589 shares, representing 2.21% of the company’s shares in FY 2026-27, further solidifying its control and investment in its subsidiary.
Source: BSE
