BLS International Services rises on completing acquisition of iDATA

10 Jul 2024 Evaluate

BLS International Services is currently trading at Rs. 380.00, up by 2.65 points or 0.70% from its previous closing of Rs. 377.35 on the BSE.

The scrip opened at Rs. 384.00 and has touched a high and low of Rs. 400.05 and Rs. 378.50 respectively. So far 147762 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 430.00 on 01-Feb-2024 and a 52 week low of Rs. 212.00 on 28-Jul-2023.

Last one week high and low of the scrip stood at Rs. 400.05 and Rs. 365.65 respectively. The current market cap of the company is Rs. 16022.90 crore.

The promoters holding in the company stood at 71.52%, while Institutions and Non-Institutions held 8.72% and 19.76% respectively.

BLS International Services (BLS) has completed acquisition of 100% stake in iData Danismanlik Ve Hizmet Dis Ticaret Anonim Sirketi and its wholly owned subsidiaries (iDATA) for about Rs 720 crore.

The acquisition was done through BLS International FZE and BLS International Holding Anonim Sirketi. BLS International FZE is a wholly owned subsidiary of BLS while BLS International Holding Anonim Sirketi is wholly owned subsidiary of BLS International FZE. 

iDATA is a prominent Turkey-based player providing comprehensive visa processing and consular services to various governments, through its 37+ Visa Application Centres (VAC) in 15+ countries, serving diplomatic missions of Germany, Italy, and Czech Republic.

This acquisition would further strengthen the overall BLS’ position as one of the leading international player in Visa and Consular services. iDATA’s existing agreements and offices will be aligned into the BLS’s network in 66 countries across the globe, enabling BLS to service more Client Governments in Europe where iDATA is a dominant player. The transaction will be EPS (Earning per share) accretive to BLS immediately from July 09, 2024.

BLS International Services is a part of the four decades old BLS Group with a global presence and diversified range of services in polymers and petrochemicals, education, electronics, asset management, visa processing and management consulting.

BLS Internatl.Serv Share Price

477.40 -5.20 (-1.08%)
24-Dec-2024 16:59 View Price Chart
Peers
Company Name CMP
SIS 373.35
TeamLease Services 2911.05
RattanIndia Ent 64.18
Updater Services 379.70
Mach Confer. & Event 222.50
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