BLS International Services shines on inking pact to acquire 88.26% stake in ZMPL
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BLS International Services is currently trading at Rs. 191.50, up by 14.40 points or 8.13% from its previous closing of Rs. 177.10 on the BSE.
The scrip opened at Rs. 178.40 and has touched a high and low of Rs. 195.40 and Rs. 178.35 respectively. So far 87392 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 207.00 on 23-May-2022 and a 52 week low of Rs. 61.03 on 14-Jun-2021.
Last one week high and low of the scrip stood at Rs. 195.40 and Rs. 173.95 respectively. The current market cap of the company is Rs. 3628.78 crore.
The promoters holding in the company stood at 74.59%, while Institutions and Non-Institutions held 1.36% and 24.05% respectively.
BLS International Services through its wholly owned subsidiary -- BLS E-services (BEPL) has entered into Share Purchase agreement and Share Transfer agreement to acquire 88.26% equity shares in ZERO Mass (ZMPL) for an aggregate sum of consideration of Rs 105 crore. Moreover, the company is planning to acquire 100% equity stake of ZERO Mass.
The company with its subsidiary companies is already in Business Correspondent business across the country and through this acquisition, BLS group intends to expand and consolidate its Business Correspondent business.
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.
