M&A
BLS E-Services to acquire Atyati Tech for Rs.154-Cr
Gurugram-based, publicly listed BLS E-Services, a digital service provider to governments and financial institutions and a wholly owned subsidiary of BLS International, is to acquire a 100% stake in Bengaluru-based Atyati Technologies for INR 154 crore.Atyati specializes in providing technology platforms for financial inclusion, focusing on rural banking, last-mile agent banking, and doorstep banking services.
In May 2012, Atyati was acquired for $23.4 M by publicly listed Genpact. It was earlier backed by VC firm Ventureast.
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