India's BLS E-Services jumps as co to buy stake in Aadifidelis Solutions

BLS E-Services

18/06/2024 08:15

** Shares of digital service provider BLS E-Services
 BLSE.NS  up 8.2% at 286.1 rupees after rising as much as 10%
    ** BLSE enters into definitive share purchase agreement to
invest and acquire 55% equity shares of Aadifidelis Solutions
and its affiliates 
    ** Says enterprise value of deal is approx. 1.9 bln rupees
($22.8 mln) and acquisition will be completed on or before Sept.
30, 2024 
    ** Stock witnesses its most active trading session since
March 28, with more than 1.5 mln shares changing hands, 4.4x the
30-day avg   
    ** Stock down 6.2% since its listing in Feb


($1 = 83.4240 Indian rupees)

 (Reporting by Ashish Chandra in Bengaluru)
 ((ashish.chandra@thomsonreuters.com (+91 7982114624))