Acquisitions24 Jun 2025, 07:01 pm
BLS E-Services Subsidiary Zero Mass Private Ltd to Acquire CSPs of SBI & HDFC Bank Under BC Segment of Sub-K Impact Solutions Ltd
AI Summary
BLS E-Services Ltd has announced that its subsidiary, Zero Mass Private Ltd, has signed a definitive agreement for the acquisition of CSPs of SBI & HDFC Bank under the Business Correspondence (BC) segment of Sub-K Impact Solutions Limited. The acquisition is a slump sale deal, subject to approvals from banks, other regulatory/statutory authorities, and completion of Condition Precedents of the definitive agreement. The acquisition is expected to be completed by September 30, 2025.
Key Highlights
- BLS E-Services subsidiary, Zero Mass Private Ltd, to acquire CSPs of SBI & HDFC Bank under BC segment of Sub-K Impact Solutions Ltd
- Acquisition is a slump sale deal
- Subject to approvals from banks, other regulatory/statutory authorities
- Expected to be completed by September 30, 2025
- Targeted business segment turnover for FY 2024-25 is Rs. 17.7 Crores