New Delhi, February 16 BLS E-Services announced on Monday that it will acquire a 100% stake in Atyati Technologies for ₹154 crore.
In a regulatory filing, the company stated that the acquisition will be a fully cash transaction and is expected to be completed by March 31, 2026.
The acquisition is expected to further strengthen BLS E-Services' banking relationships with key public sector banks and several private sector banks, it said.
The deal is "based on the equity value of ₹154 crore of Atyati".
"By merging Atyati's extensive network of over 25,900 CSPs (Customer Service Points) with our own, we are creating a powerful combined footprint exceeding 70,000 touchpoints, unlocking unparalleled scale, cost efficiencies through shared infrastructure, and new high-margin avenues in digital lending," said Shikhar Aggarwal, Chairman of BLS E-Services.
BLS E-Services is a digital service provider to governments and financial institutions.
Atyati Technologies, headquartered in Bengaluru, specializes in providing technology platforms for financial inclusion, focusing on rural banking, last-mile agent banking, and doorstep banking services.