NSEAcquisition2 Jul 2026 · 2 Jul 2026, 06:25 pm
Acquisition
BLS E-Services Limited · BLSE
✦ AI Summary▲ PositiveM&A
BLS E-Services Limited has successfully completed the acquisition of 100% equity shareholding in Atyati Technologies Private Limited, making ATPL a wholly-owned subsidiary of BLS. The acquisition is part of BLS's expansion and consolidation of its Business Correspondent (BC) services for various banks, enabling last-mile connectivity, lending to micro-customers, and technology solutions.
Analysis Scores
Earnings Impact8/10
Growth Catalyst9/10
Governance Concern1/10
Regulatory Risk2/10
Balance Sheet Risk6/10
Liquidity Impact9/10
Market Sentiment8/10
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Full Announcement
BLS E-Services Limited has informed the Exchange about Successful Completion of Acquisition of Atyati Technologies Private Limited.
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PROJECTSEWA_02072026182502_CompletionofAcquisition_Atyati_02072026_signed.pdf
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July 02, 2026
National Stock Exchange of India Limited (“NSE”) BSE Limited (“BSE”)
Exchange Plaza, C-1 Block G, Bandra Kurla Phiroze Jeejeebhoy Towers,
Complex Bandra [E], Mumbai – 400051 Dalal Street, Fort, Mumbai - 400 001
NSE Scrip Symbol: BLSE BSE Scrip Code: 544107
Dear Sir/Madam,
Subject: Successful Completion of Acquisition of Equity Shares of Atyati Technologies Private
Limited
Pursuant to the requirements of Regulation 30 of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015 (including any statutory modification(s), amendment(s), or
re-enactment(s) thereof for the time being in force), and in continuation of our earlier corporate
announcement dated February 16, 2026, March 31, 2026, April 30, 2026 and May 18, 2026, we
would like to inform you that the Company has successfully completed the acquisition of 100%
equity shareholding in Atyati Technologies Private Limited (“ATPL”) on July 02, 2026.
Consequent to this acquisition, ATPL has now become a wholly-owned subsidiary of the
Company.
The details with respect to the said acquisition as required under Regulation 30(6) read with
Schedule III Part A Para A (1) of the Listing Regulations and SEBI Circular No.
HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 are attached as
Annexure -A.
You are requested to take the same on your records.
Thanking you,
For BLS E-Services Limited
Neha Baid
Company Secretary & Compliance Officer
ICSI Membership No.: A-33753
Encl.: As above
Annexure A
The details as required under Regulation 30 of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015 read with SEBI Circular No. HO/49/14/14(7)2025-CFD-
POD2/I/3762/2026 dated January 30, 2026 are given below:
SI. Details to be provided Atyati Technologies Private Limited
1 Name of the target entity, Name of Target Entity:
details in brief such as size, Atyati Technologies Private Limited
turnover etc.
Paid up Share Capital: Rs.11,42,35,070
Turnover for FY 2025-26: Revenue from
operations Rs. 375.8 Crores
2 Whether the acquisition/ Not Applicable
incorporation would fall within
related party transactions and
whether the promoter/ promoter
group/ group companies have any
interest in the entity being
acquired? If yes, nature of the
interest and details thereof and
whether the same is done at 'arm's
length'
3 Industry to which the entity being Business Correspondent (BC) services for
acquired/ incorporated belongs various banks for last mile connectivity, lending
to micro-customers, and technology solutions.
4 Objects and impact of acquisition ATPL is already in BC business across the
(including but not limited to, country and through this acquisition, BLS
disclosure of reasons for acquisition intends to expand and consolidate its BC
of target entity, if its business is business. Additionally, the micro-lending and
outside the main line of business of technology solutions will enable BLS to further
the listed entity) broaden its reach and strengthen its position in
the financial inclusion sector.
5 Brief details of governmental or Not Applicable
regulatory approvals required for
the acquisition/ incorporation
6 Indicative time period for Not Applicable
completion of the acquisition/
incorporation
7 Nature of Consideration whether Cash consideration
Cash consideration or share swap
or any other and details of the same
8 Cost of Acquisition or the price at Rs. 156.82 crores subject to certain conditions.
which the shares are acquired/
subscribed
9 Percentage of shareholding control 100%
acquired and /or number of shares
acquired
10 Brief background about the entity Atyati Technologies Pvt. Ltd., incorporated in
acquired in terms of products/ line 2006 and headquartered in Bangalore, is a
of business acquired, date of Technology and Business Correspondent
incorporation, history of last 3 years organization enabling banks to deliver financial
turnover, country in which the services to rural and under banked segments. It
acquired entity has presence and operates across Financial Inclusion, Lending to
any other significant information (in micro-customers, and technology solutions
brief) with an agent network spanning across 1 lac
villages.
Date of incorporation: March 29, 2006
Product/line of business:
Last 3 years turnover:
Year Turnover (Revenue
from Operation)
FY 2023-24 Rs. 389.9 Crores
FY 2024-25 Rs. 395.6 Crores
FY 2025-26 Rs. 375.8 Crores
Presence of entity: India