Acquisitions4 Nov 2024, 11:59 pm
BLS E-Services Ltd Acquires Aadifidelis Solutions Private Ltd for Rs. 77.85 Crore
AI Summary
BLS E-Services Ltd has approved the amendment in 'Share Subscription and Purchase Agreement' for the acquisition of equity shares of Aadifidelis Solutions Private Limited (ASPL) and its affiliates. The acquisition is for a total investment of approximately Rs. 77.85 Crore, with an initial upfront investment and additional payments linked to certain EBITDA milestones. ASPL is a leading company in distribution and processing of loans, with a Pan-India presence and a network of over 8,600 channel partners. The acquisition is expected to be completed by December 31, 2024, subject to the fulfillment of certain conditions.
Key Highlights
- BLS E-Services Ltd is acquiring Aadifidelis Solutions Private Limited and its affiliates for approximately Rs. 77.85 Crore.
- The acquisition will be completed on or before December 31, 2024, subject to the fulfillment of certain conditions.
- ASPL is a leading company in distribution and processing of loans, with a Pan-India presence and a network of over 8,600 channel partners.
- The acquisition will be done through an upfront investment and additional payments linked to certain EBITDA milestones.
- ASPL has a strong presence in the Indian financial market, being empaneled with majority of leading financial institutions.