BLS International Services spurts on acquiring additional stake in Reired
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BLS International Services is currently trading at Rs. 173.05, up by 4.30 points or 2.55% from its previous closing of Rs. 168.75 on the BSE.
The scrip opened at Rs. 168.85 and has touched a high and low of Rs. 173.05 and Rs. 168.45 respectively. So far 53812 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 209.15 on 14-Dec-2022 and a 52 week low of Rs. 50.41 on 24-Feb-2022.
Last one week high and low of the scrip stood at Rs. 199.95 and Rs. 167.80 respectively. The current market cap of the company is Rs. 7080.48 crore.
The promoters holding in the company stood at 74.40%, while Institutions and Non-Institutions held 8.25% and 17.35% respectively.
BLS International Services has completed acquisition by purchase of additional 4,900 equity shares of Reired BLS International Services (Reired). Consequent to the said acquisition, the Company’s shareholding in Reired is increased from 51% (pre-acquisition) to 100% (post- acquisition) and Reired becomes the Wholly Owned Subsidiary of the Company with effect from February 14, 2023. The objective of acquisition is to further consolidate shareholding of the Company in Reired.
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.
