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BLS International Services Ltd News

BLS E-Services to acquire 55% stake in Aadifidelis Solution for Rs 190 cr

Visa services provider BLS International on Tuesday said its subsidiary BLS E-Services Limited (BLSE) has signed an agreement to acquire 55 per cent in Aadifidelis Solutions and its affiliates for an enterprise value of about Rs 190 crore. BLSE has entered into a definitive Share Purchase Agreement (SPA) to acquire the controlling interest in Aadifidelis Solutions (ASPL) and its affiliates, a major player in India in the distribution and processing of loans for corporates and individuals. BLSE will make an upfront investment (primary and secondary) of about Rs 71 crore with balance consideration being deferred linked to the achievement of milestones in 2024-25, BLS said in a release. The acquisition will be an all-cash deal. The transaction will be completed in the second quarter of the fiscal. Shikhar Aggarwal, Joint Managing Director of BLS International Services said that the signing of a definitive agreement with ASPL is a strategic move that will unveil a plethora of ...

BLS E-Services to acquire 55% stake in Aadifidelis Solution for Rs 190 cr
Updated On : 18 Jun 2024 | 5:47 PM IST

Better growth supports the case for small-caps in Asia: Jefferies

Small-caps in Asia, Jefferies said, have done well since 2001, with an excess return of 216 per cent versus the large-caps

Better growth supports the case for small-caps in Asia: Jefferies
Updated On : 18 Mar 2024 | 1:19 PM IST

Stocks to Watch today: GMR Airports, IRCTC, Paytm, HEG, Lemon Tree, PSUs

Stocks to watch on Tuesday, February 13, 2024: IRCTC, BHEL, Hindalco, National Aluminium, Siemens and Zee Entertainment are few of the prominent companies scheduled to announce Q3 results today.

Stocks to Watch today: GMR Airports, IRCTC, Paytm, HEG, Lemon Tree, PSUs
Updated On : 13 Feb 2024 | 8:09 AM IST

BLS International Services Q3 results: Profit rises by 90% to Rs 87 cr

Visa service provider BLS International Services on Monday reported a 90 per cent year-on-year rise in net profit to Rs 87.18 crore for the quarter ending December 2023, primarily driven by an improved business mix. The New Delhi-headquartered company had posted a profit of Rs 45.85 crore in the year-ago period. The company's consolidated revenue stood at Rs 437.9 crore for the December quarter in FY24 and operating EBITDA witnessed a growth of 33.6 per cent to Rs 88.6 crore, according to a regulatory filing. "The company's operating EBITDA margins continue to be in excess of 20 per cent; primarily driven by an improved business mix, specifically in the visa and consular services segment," BLS said. BLS shares ended at Rs 363.70 apiece on the BSE, down by 5.51 per cent over Friday close. The company continued to maintain healthy balance sheet with cash and cash equivalents of Rs 754 crore as of December 31, 2023. For the nine months ended December of 2023, operational revenue of

BLS International Services Q3 results: Profit rises by 90% to Rs 87 cr
Updated On : 12 Feb 2024 | 10:24 PM IST