BLS International FZE Subscribes 100% Share Capital of Consular Outsourcing Services Kenya Limited

Strategic Insights -

BLS International FZE, a wholly owned subsidiary of BLS International Services Limited, has subscribed to the 100% share capital of Consular Outsourcing Services Kenya Limited, a company incorporated under the law of Kenya. This move will make Consular Outsourcing Services Kenya Limited a wholly owned step-down subsidiary of BLS International Services Limited. The details of the subscription, including the relevant regulations and circulars from the Securities and Exchange Board of India (SEBI), are provided in the attached annexure.

Key Takeaways:

  • BLS International FZE, a subsidiary of BLS International Services Limited, has subscribed to the entire share capital of Consular Outsourcing Services Kenya Limited, a Kenyan company.
  • This move makes Consular Outsourcing Services Kenya Limited a wholly owned step-down subsidiary of BLS International Services Limited.
  • The subscription is subject to the provisions of Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
  • The relevant details and documentation, including SEBI circulars and master circulars, are provided in Annexure A.
  • The company has taken necessary steps to complete the acquisition and has notified the concerned parties.

Statistics:

  • 100%: Share capital of Consular Outsourcing Services Kenya Limited subscribed by BLS International FZE.
  • 100%: Owned interest in Consular Outsourcing Services Kenya Limited post-subscription.
  • 540073: BSE Scrip Code of BLS International Services Limited.
  • 540073: NSE Scrip Symbol of BLS International Services Limited.
  • July 11, 2023: Date of SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/2023/120.
  • July 13, 2023: Date of SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123.
  • November 11, 2024: Date of SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155.

Sources:

  • National Stock Exchange of India
  • Securities and Exchange Board of India (SEBI)
  • BLS International Services Limited