21 May 2024

BLS International rises as its arm to subscribe stake in BLS International Peru SAC, BLS International S.A.S

BLS International Services is currently trading at Rs. 321.30, up by 3.30 points or 1.04% from its previous closing of Rs. 318.00 on the BSE.

The scrip opened at Rs. 316.00 and has touched a high and low of Rs. 323.95 and Rs. 315.95 respectively. So far 31205 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 430.00 on 01-Feb-2024 and a 52 week low of Rs. 166.25 on 25-May-2023.

Last one week high and low of the scrip stood at Rs. 332.00 and Rs. 312.05 respectively. The current market cap of the company is Rs. 13243.65 crore.

The promoters holding in the company stood at 71.52%, while Institutions and Non-Institutions held 8.72% and 19.76% respectively.

BLS International Services’ subsidiary -- BLS International FZE is in process to subscribe 99.93% share capital of BLS International Peru SAC, a company incorporated under the law of Peru and to subscribe 100% share capital of BLS International S.A.S, a company incorporated under the law of Columbia. Consequent to the subscription, BLS International Peru SAC will become a Step Down Subsidiary of the Company (SDS) and BLS International S.A.S will become a Wholly Owned Step Down Subsidiary of the Company (SDSWOS). The said transaction are expected to be completed on June 30, 2024.  

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.