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IT enabled services company BLS E-Services has announced the acquisition of Atyati Technologies for Rs 154 crore, a move aimed at strengthening its digital and banking services footprint and expanding its presence across technology-led financial and citizen service platforms.
"The Board of Directors, after considering the recommendations of the Audit Committee has approved to enter into a binding offer to invest and acquire 100% equity shares of Atyati Technologies Private Limited ("ATPL") from its existing shareholders, subject to approvals from the lenders, banks / financial institutions, other regulatory/ statutory authorities, as may be applicable, and completion of other condition precedents as will be agreed in the Share Purchase Agreement/ Definitive Agreement to be executed by the relevant parties, and consequent to the said acquisition of shares in share capital of ATPL, it will become wholly owned subsidiary of the Company," BLS E-Services said in an exchange filing on February 16.
About Atyati Technologies
Atyati Technologies, incorporated in 2006 and headquartered in Bangalore, is a technology and business correspondent organisation enabling banks to deliver financial services to rural and underbanked segments. It operates across financial inclusion, lending to micro-customers, and technology solutions with an agent network spanning across 1 lakh villages. Atyati Technologies has a paid-up share capital of Rs 11.42 crore and reported revenue from operations of Rs 395.6 crore in FY25.
Impact of acquisition
BLS E-Services is already in business correspondent business across the country and through this acquisition, it intends to expand and consolidate its business correspondent business. Additionally, the micro-lending and technology solutions will enable BLS to further broaden its reach and strengthen its position in the financial inclusion sector.
Timeline of the acquisition
"The acquisition is expected to be completed on or before March 31, 2026, subject to approvals from the lenders, relevant banks/financial institutions, Statutory/ Regulators/Shareholders approval, if any, and completion of other condition precedents as will be agreed in the Share Purchase Agreement/Definitive Agreement to be executed by the relevant parties," BLS E-Services said in the exchange filing.
BLS E-Services share price
Shares of BLS E-Services closed at Rs 167.65 per share on Friday, February 16, 2026 -- which is 2.01 per cent above the previous close of Rs 164.35 apiece. During the day, the counter swung between Rs 170.05 and Rs 160.25 per share. According to BSE website, "average daily number of unique Clients/PAN traded in the scrip in previous 30 days is less than 100."
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