BLS E-Services Acquires Atyati Technologies for Rs 154 Crore

BLS E-Services announced its acquisition of Atyati Technologies for Rs 154 crore in an all-cash deal. The move aims to bolster relationships with public and private sector banks by expanding its service points to over 70,000. The acquisition is expected to conclude by March 31, 2026.

BLS E-Services has revealed its plan to acquire Atyati Technologies, a Bengaluru-based firm, for Rs 154 crore. The acquisition involves a 100 percent stake in Atyati, specializing in financial inclusion technology.

This strategic move is expected to enhance BLS E-Services' banking relationships with both public and private sector banks by merging networks. The deal aims to create a combined footprint with over 70,000 touchpoints, offering new digital lending opportunities.

The acquisition, based on Atyati's equity value, is projected to be completed by March 31, 2026, according to Shikhar Aggarwal, Chairman of BLS E-Services.

(With inputs from agencies.)