BLS International Services rises on transferring BLS Kendras` 100% stake to BLS E-Services
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BLS International Services is currently trading at Rs. 330.85, up by 5.65 points or 1.74% from its previous closing of Rs. 325.20 on the BSE.
The scrip opened at Rs. 327.45 and has touched a high and low of Rs. 333.95 and Rs. 327.45 respectively. So far 31750 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 340.20 on 24-Oct-2022 and a 52 week low of Rs. 90.55 on 02-Dec-2021.
Last one week high and low of the scrip stood at Rs. 333.95 and Rs. 311.40 respectively. The current market cap of the company is Rs. 6756.96 crore.
The promoters holding in the company stood at 74.59%, while Institutions and Non-Institutions held 4.32% and 21.09% respectively.
BLS International Services has transferred its 100% equity shares held in its one of the wholly owned subsidiary, BLS Kendras to its another wholly owned subsidiary, BLS E-Services. In lieu of the said transfer of shares, BLS E-Services has issued and allotted 7,41,297 Equity Shares on October 31, 2022 in favour of the Company.
Pursuant to the above mentioned transaction, BLS Kendras has become a wholly owned subsidiary of BLS E-Services and a step down Subsidiary of the Company. Hence, there is no change in control of both the above mentioned subsidiary companies.
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.
