BLS International soared to a 52-week high of Rs 412.90 during morning trading on BSE on Tuesday, January 16, 2024, following Zee Business’ report confirming the approval of a definitive share purchase agreement between BLS International FZE, a subsidiary of BLS, and the United Arab Emirates (UAE).
At 10:27 am on Tuesday, the company’s stock was up by 1.77%, or Rs 6.90, trading at Rs 395.85.
As per reports, BLS International FZE, the subsidiary, has inked an agreement with the UAE for the acquisition of the entire stake of iData. The Turkish company is set to acquire iData at a valuation of Euro 50 Million (Rs 450 crore).
