BLS E-Services Limited — Updates, 26-11-2024: Press Release

BLSE-Services Limited has successfully completed the acquisition of a 57% controlling stake in Aadifidelis Solutions Private Limited (ASPL), a major player in loan distribution and processing in India, for an enterprise value of approximately Rs. 190 Crores. The total consideration for the stake was around Rs. 123 Cr, including an upfront investment of Rs. 78 Cr, which features a primary infusion of Rs. 25 Cr into ASPL. Additional payments are contingent upon meeting specific EBITDA milestones in the next two fiscal years.

ASPL operates a robust network of 8,600 channel partners across 17 states and territories, facilitating monthly loan disbursements exceeding Rs. 1,500 Crores. This acquisition is poised to enhance BLSE's Business Correspondent services, providing significant cross-selling opportunities and streamlining service delivery while improving operational efficiencies. With this strategic move, BLSE reinforces its commitment to financial inclusion and aims to strengthen its presence in the financial sector, creating a considerable platform for innovation and service excellence.