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.

Services to buy 100% stake in Atyati Technologies for ₹154 crore

BLSe Acquires Atyati Technologies in ₹154 Crore Deal

BLS E-Services Limited (BLSe), a digital service provider to governments and financial institutions, has made a significant move in the tech-enabled banking space by signing a binding term sheet to acquire a 100% equity stake in Atyati Technologies Private Limited (Atyati).

Key Highlights of the Acquisition:

Acquisition Terms: The deal is an all-cash transaction based on an equity valuation of ₹154 crore, subject to certain conditions.
Expected Completion Date: 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.

Benefits of the Acquisition:

Strengthened Banking Relationships: The acquisition is expected to strengthen BLSe’s banking relationships with key public sector and private sector banks.
Access to Advanced Micro-lending Platform: The deal will provide immediate access to Atyati’s advanced micro-lending platform, unlocking higher-margin credit distribution opportunities.
Enhanced Product Innovation and Reduced Dependencies: The deal will position BLSe as a more comprehensive, tech-enabled business correspondent (BC) player with enhanced product innovation and reduced third-party dependencies.