BLS E-Services Limited (BLSe), a digital service provider to governments and financial institutions, has signed a binding term sheet to acquire a 100% equity stake in Atyati Technologies Private Limited (Atyati) in an all-cash deal based on an equity valuation of ₹154 crore, subject to certain conditions.
The acquisition is expected to be completed by March 31, 2026, subject to approvals from lenders, relevant banks and financial institutions, statutory and regulatory authorities, shareholders (if required), and the completion of other conditions precedent to be agreed upon in the definitive Share Purchase Agreement.
As per the exchange filing, the acquisition is expected to strengthen BLSe’s banking relationships with key public sector and private sector banks.
Further, it will provide immediate access to Atyati’s advanced micro-lending platform, unlocking higher-margin credit distribution opportunities. The deal will position BLSe as a more comprehensive, tech-enabled business correspondent (BC) player with enhanced product innovation and reduced third-party dependencies, the company said.
