BLS International, a trusted global tech-enabled services partner for governments and citizens and a global leader in visa processing and consular services, today announced that it has entered into a definitive Share Purchase Agreement to acquire a 51% stake in SLW Media, for a value of Rs. 80.24 lakhs. SLW Media is a prominent sports management company with over two decades of experience in the golf industry.
The acquisition aligns perfectly with BLS International's extensive global presence, allowing for seamless integration of golf events with its visa and travel services across over 66 countries. This strategic move not only taps into the rapidly growing sports and leisure sector but also positions BLS International for significant expansion, diversification, and global reach enhancement. This synergy will also enhance the brand equity of the company at a global scale. By combining golf event management with its existing expertise in visas, travel, and hospitality, BLS International is creating a one-stop solution for luxury experiences that cater to high-net-worth individuals (HNIs), corporate clients, and government officials.
Shikhar Aggarwal, Joint Managing Director of BLS International, said, "By integrating BLS International's unparalleled proficiency in managing vast customer networks with SLW Media's profound expertise in global sports events, we are driving a transformative leap in our brand equity. This partnership acts as a powerful vehicle to elevate our global presence and position us strategically on the world stage. Our unified approach underscores our dedication to innovation and excellence, setting a new benchmark for success in international markets."
A spokesperson from SLW Media said, "We are excited to join forces with BLS International; our vision perfectly aligns with each other. Our deep-rooted expertise in the golf industry and sports management and BLS International's global reach will lead to the creation of a powerhouse in the sports and leisure sector. With this association, we look forward to expanding our services, reaching new markets, and offering better experiences to sports enthusiasts."
As BLS International continues to expand its service offerings, this acquisition represents a significant step towards becoming a comprehensive, global leader in both government services and luxury experiences.
Shares of BLS International Services Limited was last trading in BSE at Rs. 421.85 as compared to the previous close of Rs. 427.05. The total number of shares traded during the day was 165675 in over 3324 trades.
The stock hit an intraday high of Rs. 431.00 and intraday low of 419.00. The net turnover during the day was Rs. 70341441.00. |
