BLS International Services Ltd., a leading global tech-enabled services provider, announced its entry into the East African market through its wholly-owned subsidiary, BLS International FZE. The subsidiary has acquired a 100% stake in Consular Outsourcing Services Kenya Ltd, strengthening the company’s international footprint.
Acquisition Details
As per a regulatory filing, BLS International FZE has subscribed to the entire share capital of Consular Outsourcing Services Kenya Ltd, making it a step-down wholly-owned subsidiary of BLS International Services Ltd.
Financial Aspects
The acquisition was executed through a cash transaction worth 100,000 Kenyan Shillings (KES).
About the Kenyan Entity
Consular Outsourcing Services Kenya Ltd. will focus on visa and passport processing services. Being a newly established entity, it has not yet recorded any turnover. Its entry into Kenya offers BLS International access to a growing market for consular and citizen services across East Africa.
Strategic Outlook
The move is expected to enhance BLS International’s global reach, expanding its service portfolio in Africa and aligning with its strategy to strengthen operations in emerging markets. With rising demand for streamlined consular services in the region, the acquisition positions BLS International as a key player in East Africa.
Regulatory Compliance
The company confirmed that the deal has been executed in compliance with SEBI’s Listing Obligations and Disclosure Requirements (LODR).
Summary
BLS International Services’ acquisition of Consular Outsourcing Services Kenya Ltd marks a strategic entry into East Africa, reinforcing its global expansion strategy. With a focus on visa and passport processing, the move strengthens the company’s service network in emerging markets, unlocking new growth opportunities in the region.
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