On November 26, 2024, BLS E-Services Limited (BLSE), a tech-enabled digital service provider, announced that it has completed the acquisition of a 57% controlling stake in Aadifidelis Solutions Pvt Ltd (ASPL) and its affiliates. The deal, valued at around ₹190 crore, strengthens BLS E-Services Limited’s position in loan distribution and processing.
The acquisition aims to diversify and expand the company’s current service offerings by integrating Aadifidelis Solutions’ expertise.
This move is strategically aligned with the company’s focus on enhancing its portfolio of Business Correspondent-led, citizen-focused, last-mile banking services, thereby strengthening its position in delivering comprehensive financial solutions.
Aadifidelis Solutions Pvt. Ltd. operates in the financial services sector, specialising in the distribution and processing of both secured and unsecured loans.
The company provides a range of services, including loans against property, personal loans, credit cards, home loans, business loans, and working capital financing, catering to both corporate and individual clients.
On November 27, 2024, BLS E-Services’s share price was 1.61% higher at ₹210.41 at 10:05 AM on the NSE. The stock opened at ₹208.95, higher than its previous close of ₹207.30.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
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