BLS International Services Limited has informed exchanges that its listed subsidiary, BLS E-Services Limited, acquired 100% equity share capital of Atyati Technologies Private Limited (ATPL) on July 2, 2026. ATPL has become a step-down subsidiary of BLS International.
ATPL is an AI-powered banking technology service provider offering digital solutions to banks and financial institutions across India. ATPL provides Business Correspondent (BC) services for various banks for last mile connectivity. ATPL was incorporated on March 29, 2006 and is headquartered in Bangalore. The paid-up share capital of ATPL stood at Rs 11.42 crore.
The acquisition was completed for a cash consideration of Rs 156.82 crore, subject to certain conditions. The transaction does not fall under related party transactions. ATPL is already operational in the BC business across India, and BLS aims to leverage this presence.
BLS intends to expand and consolidate its BC business through this acquisition. The micro-lending and technology solutions of ATPL will enable BLS to broaden its reach in the financial inclusion sector.
ATPL reported revenue from operations of Rs 375.8 crore for FY 2025-26. ATPL recorded turnover of Rs 395.6 crore in FY 2024-25 and Rs 389.9 crore in FY 2023-24. No governmental or regulatory approvals were required for the acquisition. The entire acquisition was made through cash consideration.
Disclaimer: This article is based on company filings submitted to the Bombay Stock Exchange (BSE) and National Stock Exchange of India (NSE) and is for informational purposes only. It does not constitute investment advice or a recommendation. Investors should conduct their own research and consult a qualified financial advisor before making investment decisions.