BLS E-Services shares rose 3% in morning trade after the company, through its subsidiary Zero Mass Private Limited, announced a strategic acquisition aimed at boosting its financial inclusion footprint. As of 9:54 AM, the shares were trading 3.20% higher at Rs 202.50.
The company has entered into a definitive agreement to acquire Customer Service Points (CSPs) of State Bank of India (SBI) and HDFC Bank from Sub-K Impact Solutions Ltd. The deal, valued at approximately ₹6.5 crore, will be executed on a slump sale basis under the Business Correspondence (BC) model.
The transaction is subject to approvals from the respective banks and other regulatory bodies, along with the fulfilment of certain conditions outlined in the agreement.
This move marks a key milestone in BLS E-Services’ efforts to strengthen last-mile banking access, especially in underserved regions. The acquired CSP network is expected to significantly enhance the company’s presence in Andhra Pradesh, Telangana, and other key states across India.
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