BLS International Services Limited has informed the Exchange about AcquisitionPursuant to the compliance with Regulation 30 read with Part A of Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015(including any statutory modification(s), amendment(s) or re-enactment(s) thereof for the time being in force), We are pleased to inform you that BLS International FZE, a subsidiary of the Company, has completed the subscription of 99.99% of the share capital of BLS Worldwide Services Inc., a company incorporated under the laws of the Republic of the Philippines. As a result of this subscription, BLS Worldwide Services Inc. is now a Step-Down Subsidiary of the Company ("SDS").
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BLS International Services Limited announced that its subsidiary, BLS International FZE, has completed the subscription of 99.99% of the share capital of BLS Worldwide Services Inc., a company based in the Philippines. As a result, BLS Worldwide Services Inc. has become a step-down subsidiary of BLS International Services Limited. The transaction was disclosed under SEBI's Listing Obligations and Disclosure Requirements Regulations, 2015. No financial details of the deal, such as the purchase consideration or revenue contribution of the acquired entity, were disclosed in this filing.
This acquisition expands BLS International's global footprint into the Philippines, potentially opening new markets for its visa and consular services business. For shareholders, this signals international growth ambition, though the actual financial impact will depend on the deal size and integration, which remain undisclosed.