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