NSEAcquisition20 Aug 2026 · 20 Aug 2026, 05:57 pm
Acquisition
BLS International Services Limited · BLS
✦ AI SummaryM&A
BLS International Services Limited has acquired an additional equity stake in its subsidiary BLS E-Services Limited through a secondary market transaction, with a cumulative cost of acquisition of Rs. 45.22 Crores.
Analysis Scores
Earnings Impact2/10
Growth Catalyst6/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk1/10
Liquidity Impact8/10
Market Sentiment5/10
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Full Announcement
BLS International Services Limited has informed the Exchange about Acquisition of additional equity stake in BLS E-Services Limited
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BLS_20082026175655_Disclosure_under_Regulation_30_Acquisition_of_shares_Signed.pdf
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August 20, 2026
National Stock Exchange of India Ltd., BSE Limited,
Exchange Plaza, C-1 Block G, Bandra Kurla Phiroze Jeejeebhoy Towers, Dalal Street, Fort,
Complex Bandra [E], Mumbai – 400051 Mumbai - 400 001
NSE Scrip Symbol: BLS BSE Scrip Code: 540073
Dear Sir/Madam,
Subject: Intimation under Regulation 30 read with Schedule III of the Securities and Exchange Board
of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing
Regulations”) – acquisition of additional equity stake in BLS E-Services Limited
Pursuant to the compliance with Regulation 30 read with Part A of Schedule III of the Securities and
Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing
Regulations”) (including any statutory modification(s), amendment(s) or re-enactment(s) thereof for
the time being in force), we would like to inform you that BLS International Services Limited (“the
Company”) has made further investment by acquiring an additional equity stake through a secondary
market in BLS E-Services Limited (“BLSE”), a Subsidiary of the Company.
Pursuant to Regulation 30 read with Para A of Part A of Schedule III of the Listing Regulations and the
applicable Industry Standards on Regulation 30 of SEBI Listing Regulations, the disclosure is being
made as the cumulative Cost of Acquisition of shares in the FY 2026-27-pursuant to the current
acquisition exceeds 2% of the net worth 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 Master Circular No. HO/49/14/14(7)2025-CFD-
POD2/I/3762/2026 dated January 30, 2026 are attached as Annexure -A.
Kindly take the same on your record and bring notice to all the concerned.
For BLS International Services Limited
Dharak A. Mehta
Company Secretary & Compliance Officer
ICSI Membership No.: FCS12878
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 Master 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 Information/ Details
1 Name of the target entity, details Name of Target Entity:
in brief such as size, turnover etc. BLS E- Services Limited
Paid up Share Capital of Target entity:
Rs. 90,85,64,850
Turnover for FY 2025-26 of Target entity:
Revenue from operations Rs. 87.35 Crores
2 Whether the acquisition/ Since BLSE is a subsidiary of the Company and the
incorporation would fall within related proposed acquisition is being undertaken through
party transactions and whether the the secondary market, the transaction does not fall
promoter/ promoter group/ group within the definition of a Related Party Transaction
companies have any interest in the under the applicable provisions.
entity being acquired? If yes, nature of
the interest and details thereof and Further, the proposed acquisition is being
whether the same is done at 'arm's undertaken on an arm’s length basis and on the
length' terms applicable to the transaction.
3 Industry to which the entity being The Company is engaged in providing digital services
acquired/ incorporated belongs and Business Correspondent Services for Major
Indian Banks.
4 Objects and impact of acquisition BLS International Services Limited being the Holding
(including but not limited to, disclosure Company of Target Entity has acquired additional
of reasons for acquisition of target shares of its subsidiary as a strategic investment to
entity, if its business is outside the create a long term value.
main line of business of the listed
entity)
5 Brief details of governmental or Not Applicable
regulatory approvals required for the
acquisition/ incorporation
6 Indicative time period for completion Not Applicable, as this disclosure is for shares
of the acquisition/ incorporation acquired.
7 Nature of Consideration whether Cash Cash consideration
consideration or share swap or any
other and details of the same
8 Cost of Acquisition or the price at Cumulative Cost of Acquisition is Rs. 45.22 Crores.
which the shares are acquired/
The disclosure is being made as the cumulative cost
subscribed
of acquisition of shares in the FY 2026-27 pursuant
to the current acquisition of Rs. 4.29 Crores exceeds
2% of the net worth of the Company.
9 Percentage of shareholding control Cumulative acquisition of shares in FY 2026-27 is
acquired and /or number of shares 20,07,589 (2.21%)
acquired
10 Brief background about the entity Brief Background about the entity: Target Entity is
acquired in terms of products/ line of the existing subsidiary and is primarily engaged in
business acquired, date of the business of digital services and delivers Business
incorporation, history of last 3 years Correspondent services for major Indian banks.
turnover, country in which the
acquired entity has presence and any Date of incorporation: 12/04/2016
other significant information (in brief) Product/line of business: The Company is engaged
in providing digital services and Business
Correspondent Services for Major Indian Banks.
Last 3 years turnover:
Financial Year Turnover (Revenue
from Operation)
FY 2023-24 Rs. 39.67 Crores
FY 2024-25 Rs. 66.83 Crores
FY 2025-26 Rs. 87.35 Crores
Net worth: 423.26 Cr
Presence of entity: India
Significant information: N.A.