BLS

Oct 16 (Reuters) - Bls International Services Ltd BLSN.NS:

• WINS 3-YEAR CONTRACT TO OPERATE VISA CENTRES IN CHINA

Source text: ID:nBSE9QtX4N

Further company coverage: BLSN.NS

(([email protected];))

Updates milestone, adds chart

Oct 13 (Reuters) - Shares of India's BLS International Services BLSN.NS slid as much as 18% on Monday and were set for their worst day since March 2020, after the digital visa and passport services provider was barred from bidding for government tenders for two years.

The stock was last down about 13% at 294.3 rupees as of 11:44 a.m. IST, making it the top percentage loser on the 100-member Nifty small-cap index .NIFSMCP100, which was down 0.5%.

The Ministry of External Affairs banned the company from participating in tenders floated by it and Indian Missions, which represents India's diplomatic and consular offices abroad, BLS said on Friday.

The order from the ministry cites court cases and complaints from applicants, the company said, without providing further details.

BLS competes with bigger visa processing peers VFS Global and TeamLease Services TLSV.NS and Quess Corp QUEC.NS in the broader digital business services space.

The immigration consulting services market in India is expected to grow at a compound annual growth rate of 7%-10% from 2025 to 2029 as demand for international education and residency remains high, according to research group Technavio.

Indian Missions made up 12% of BLS International’s consolidated revenue in the first quarter of fiscal year 2026.

BLS said that its existing contracts with Indian Missions will continue to operate and the order does not impact its financials and operations.

The stock has dropped about 39% so far this year, while the small-cap index has declined nearly 4%.

(Reporting by Manvi Pant; Editing by Sonia Cheema)

(([email protected]; +918447554364;))

Bls International Services Ltd BLSN.NS:

• CO RECEIVED ORDER SAYING DEBARRED FROM PARTICIPATION IN FUTURE TENDERS OF MINISTRY OF EXTERNAL AFFAIRS FOR 2 YEARS

Source text: ID:nNSEXNZtW

Further company coverage: BLSN.NS

Oct 2 (Reuters) - Bls International Services Ltd BLSN.NS:

• BLS UK HOTELS BUYS 100% OF TREFEDDIAN HOTEL

• ACQUISITION COST GBP 6.55 MILLION

Source text: ID:nBSE2GYWd4

Further company coverage: BLSN.NS

(([email protected];))

Aug 26 (Reuters) - Bls International Services BLSN.NS:

• RECEIVES WORK ORDER FROM UIDAI WORTH 20.55 BILLION RUPEES

Source text: ID:nBSE5NJ97h

Further company coverage: BLSN.NS

(([email protected];))

** Shares of BLS International Services BLSN.NS rise 2% to 392 rupees

** Digital Services provider posts 50% Y/Y rise in June-qtr consol net profit; consol rev from ops rises 44% Y/Y

** Trading volume at more than 2 mln shares, 1.2x 30-day avg

** Stock down 18.6% YTD

(Reporting by Rudra Pratap Singh in Bengaluru)

(([email protected]))

** BLS E-Services BLSE.NS hits 5% upper circuit at 192.37 rupees

** Digital Services provider posts 3x jump in Q1 revenue, profit up 22.5%

** Stock was up about 2% ahead of earnings release

** Trading volume at 87,000 shares vs 30-day avg of about 51,000

** YTD, BLSE down 6%

(Reporting by Vivek Kumar M)

(([email protected];))

April 10 (Reuters) - Bls International Services Ltd BLSN.NS:

• BLS INTERNATIONAL SERVICES LTD - UNIT TO ACQUIRE 99.90% OF BLS VENTURES S.R.L.

Source text: ID:nNSE1jzHhB

Further company coverage: BLSN.NS

(([email protected];;))

Feb 11 (Reuters) - Bls International Services Ltd BLSN.NS:

• DEC-QUARTER CONSOL NET PROFIT 1.21 BILLION RUPEES

• DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 5.13 BILLION RUPEES

Source text: [ID:]

Further company coverage: BLSN.NS

(([email protected];;))

Jan 3 (Reuters) - Bls International Services Ltd BLSN.NS:

• BLS INTERNATIONAL SERVICES LTD - UNIT SUBSCRIBES 100% SHARE CAPITAL OF BLS INTERNATIONAL JORDAN

Source text: ID:nNSEc7ckD5

Further company coverage: BLSN.NS

(([email protected];))

Nov 11 (Reuters) - Bls International Services Ltd BLSN.NS:

• BLS INTERNATIONAL SERVICES SEPT-QUARTER CONSOL NET PROFIT 1.38 BILLION RUPEES

• BLS INTERNATIONAL SERVICES SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 4.95 BILLION RUPEES

Source text: ID:nBSE28NTL4

Further company coverage: BLSN.NS

(([email protected];))

Oct 17 (Reuters) - Bls International Services Ltd BLSN.NS:

• COMPLETED ACQUISITION OF 51% EQUITY SHARES OF SLW MEDIA

Source text for Eikon: ID:nBSE6Y65gJ

Further company coverage: BLSN.NS

(([email protected];))

Oct 4 (Reuters) - Bls International Services Ltd BLSN.NS:

• BLS INTERNATIONAL SERVICES - UNIT ACQUIRES 99% STAKE IN BLS UNITED VENTURES S DE RL DE CV

Source text for Eikon: ID:nBSE1SdXkR

Further company coverage: BLSN.NS

(([email protected];))

** Shares of BLS International ServicesBLSN.NS are down 4% at 408 rupees

** More than 6 mln shares traded in 9 block deals in price range of 408-412.45 rupees/shr - all at a discount to co's last closing price of 425.85 rupees, LSEG data shows

** Overall, more than 16 mln shares changed hands, nearly 3x the 30-day avg

** Stock on track to fall for a third straight session, losing 10.5% in the period

** Still, stock up 28% YTD after nearly doubling in 2023

(Reporting by Nishit Navin)

(([email protected];))

Aug 30 (Reuters) - Bls International Services Ltd BLSN.NS:

• BLS INTERNATIONAL SERVICES - SIGNS DEFINITIVE AGREEMENT TO ACQUIRE 51% STAKE IN SLW MEDIA

• BLS INTERNATIONAL SERVICES LTD - DEAL FOR VALUE OF 8 MILLION RUPEES

Source text for Eikon: ID:nBSEzLtt

Further company coverage: BLSN.NS

(([email protected];))

** Shares of BLS International Services Ltd BLSN.NS rise 5.3% to 368.50 rupees

** Co, which offers visa services, reports a 66% jump in Q1 profit, with income from ops growing faster than the rise in its expenses

** Co's EBITDA margin jumps to 27% from 20.9% a year earlier

** BLSN stock extends YTD gains to 14.3%

(Reporting by Nandan Mandayam in Bengaluru)

(([email protected]; Mobile: +91 9591011727;))

July 1 (Reuters) - Bls International Services Ltd BLSN.NS:

• BLS INTERNATIONAL SERVICES - UNIT GOT APPROVAL FROM TURKISH REGULATORY AUTHORITY TO ACQUIRE IDATA

Source text for Eikon: ID:nBSE9HJPj3

Further company coverage: BLSN.NS

(([email protected];))

** Shares of digital service provider BLS E-Services BLSE.NS up 8.2% at 286.1 rupees after rising as much as 10%

** BLSE enters into definitive share purchase agreement to invest and acquire 55% equity shares of Aadifidelis Solutions and its affiliates

** Says enterprise value of deal is approx. 1.9 bln rupees ($22.8 mln) and acquisition will be completed on or before Sept. 30, 2024

** Stock witnesses its most active trading session since March 28, with more than 1.5 mln shares changing hands, 4.4x the 30-day avg

** Stock down 6.2% since its listing in Feb

($1 = 83.4240 Indian rupees)

(Reporting by Ashish Chandra in Bengaluru)

(([email protected] (+91 7982114624))

June 12 (Reuters) - Bls International Services Ltd BLSN.NS:

• BLS INTERNATIONAL FZE HAS ENTERED INTO SHARE TRANSFER AGREEMENT TO ACQUIRE 99% EQUITY SHARES OF BALOZI LIAISON SERVICES

Further company coverage: BLSN.NS

(([email protected];))

May 20 (Reuters) - Bls International Services Ltd BLSN.NS:

• CO'S UNIT IS IN PROCESS TO SUBSCRIBE 99.93 % SHARE CAPITAL OF BLS INTERNATIONAL PERU SAC

Further company coverage: BLSN.NS

(([email protected];))

** Shares of BLS International Services BLSN.NS up 1.3%

** They climbed 5.4% to hit a record high of 412.9 rupees earlier in the session

** Tech services provider said its UAE-based unit will acquire Turkey-based visa application services provider, iDATA for 4.50 bln rupees ($54 mln) and additional milestones based payments

** Stock has been trading above its 200-day simple moving avg since March 2023

** BLSN on track for seventh consecutive session of gains, if trend holds

** Stock also on track to gain for eighth straight week, if trend holds; longest weekly winning streak since April 2022

** Including day's gains, stock up 23% so far this year

** It gained ~93% in 2023; logging gains for fourth straight year

($1 = 82.9700 Indian rupees)

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

Jan 15 (Reuters) - Bls International Services Ltd BLSN.NS:

• BLS INTERNATIONAL FZE ENTERED INTO AGREEMENT TO ACQUIRE 100% STAKE OF IDATA

• DEAL FOR AN INITIAL PURCHASE CONSIDERATION OF EURO 50 MILLION AND ADDITIONAL MILESTONES BASED PAYMENTS

Source text for Eikon: ID:nBSE3rZZtj

Further company coverage: BLSN.NS

(([email protected];))

Dec 13 (Reuters) - Bls International Services Ltd BLSN.NS:

• UPDATE ON PROPOSED IPO OF BLS E-SERVICES

• BLSE HAS RECEIVED FINAL OBSERVATIONS LETTER FROM SEBI

Further company coverage: BLSN.NS

(([email protected];))

** Shares of BLS International BLSN.NS up 6.7% to a record 316.15 rupees

** Visa processing services provider said on Monday it got a contract from High Commission of India in Canada for consular, visa, passport services

** It last hit an all-time high in mid-Sept

** Stock on track to rise in third straight session

** More than 11.2 mln shares change hands as of 10:29 a.m. IST, 3.6X the 30-day moving average and third busiest day so far this month

** Stock up 91% YTD, on track for its fourth straight annual climb but smallest yearly climb since 2020

(Reporting by Varun Vyas in Bengaluru)

(([email protected]))

Dec 11 (Reuters) - Bls International Services Ltd BLSN.NS:

• WINS CONTRACT WITH HIGH COMMISSION OF INDIA IN CANADA

• CONTRACT FOR OPERATIONS AT HCI IN OTTAWA AND CONSULATE GENERALS OF INDIA IN TORONTO, VANCOUVER

Further company coverage: BLSN.NS

(([email protected];))

** Shares of BLS International BLSN.NS up as much as 7.6% to 282.80 rupees, their biggest intraday pct gain since Oct. 27

** Visa processing services provider said it was awarded an order from the State Health Agency, Uttar Pradesh

** Order involves the processing of Ayushman Cards on the National Health Authority's (NHA) IT Platform

** Over 7.2 mln shares change hands, 3.5x the 30-day moving average

** Including day's move, stock up ~70% YTD

(Reporting by Kashish Tandon in Bengaluru)

(([email protected]))

Nov 6 (Reuters) - Bls International Services Ltd BLSN.NS:

• INDIA'S BLS INTERNATIONAL SERVICES LTD SEPT-QUARTER CONSOL NET PROFIT 787.5 MILLION RUPEES VERSUS PROFIT 503.7 MILLION RUPEES

• BLS INTERNATIONAL SERVICES LTD SEPT-QUARTER CONSOL INCOME FROM OPERATIONS 4.08 BILLION RUPEES VERSUS 3.57 BILLION RUPEES

Source text for Eikon: [ID:]

Further company coverage: BLSN.NS

(([email protected];))

Oct 18 (Reuters) - Bls International Services Ltd BLSN.NS:

• ENTERED INTO A MASTER BUSINESS CORRESPONDENT AGREEMENT WITH KOTAK MAHINDRA BANK

• AGREEMENT SIGNED FOR AN INITIAL PERIOD OF 3 YEARS, WITH POSSIBILITY OF EXTENSION FOR AN ADDITIONAL YEAR

Source text for Eikon: ID:nBSE9fWghW

Further company coverage: BLSN.NS

(([email protected];))

Oct 16 (Reuters) - Bls International Services Ltd BLSN.NS:

• WINS ANOTHER SCHENGEN GLOBAL VISA OUTSOURCING CONTRACT FOR SLOVAKIA

• SIGNED AN EXCLUSIVE GLOBAL VISA OUTSOURCING CONTRACT FOR SLOVAKIA IN 18 COUNTRIES WITH MORE THAN 54 OFFICES

Source text for Eikon: ID:nBSEbnsl3T

Further company coverage: BLSN.NS

(([email protected];))

Edits, Adds context in paragraph 20

By Krishn Kaushik, Rupam Jain and YP Rajesh

NEW DELHI, Sept 22 (Reuters) - India on Thursday suspended new visas for Canadians and asked Ottawa to reduce its diplomatic presence in the country, sharply escalating a spat triggered by Prime Minister Justin Trudeau's accusations linking New Delhi to a Sikh separatist's murder.

India was willing to look into specific information in connection with the accusations, its foreign ministry said, adding that Canada has not shared anything so far.

A blanket suspension of new visas by India for a Western country is unheard of and marks the lowest point of India-Canada relations.

The announcement came hours after Canada's high commission in India said it would temporarily "adjust" staff presence in the country after some diplomats received threats on social media platforms. The mission did not specify the nature of the threats, and India has said it would provide "all security and all support" to foreign diplomats.

Indian foreign ministry spokesperson Arindam Bagchi said India suspended issuing new visas to Canadian citizens due to "security threats" to its staff in its consulates in Canada.

India did not give details of the nature of these security threats, and Canada's public safety minister Dominic LeBlanc said in response that Canada was a safe country.

"Accordingly our high commission and consulates are temporarily unable to process visa applications," he told reporters at a weekly briefing on Thursday, adding that the security situation would be reviewed regularly.

Canada is the fourth largest source of foreign tourists with 350,000 visitors in 2019, a number which fell following the COVID-19 pandemic, according to Indian government data.

'RISK TO REPUTATION'

The unprecedented tensions flared up on Monday after Trudeau said Ottawa was investigating "credible allegations" about the potential involvement of Indian government agents in the June murder of Hardeep Singh Nijjar in British Columbia.

Prime Minister Narendra Modi's government denied any links to the alleged murder.

Canadian officials have so far declined to say why they believe India could be linked to Nijjar's murder.

The two countries, whose relations have been fraying in recent years over the issue of Sikh separatists, have since announced tit-for-tat expulsions of senior diplomats and issued tit-for-tat travel advisories.

Bagchi said India was "willing to look at any specific information, we have conveyed this to the Canadian side, made it clear to them...but so far, we have not received any such specific information".

Canada has discussed the issue with key allies such as the Five Eyes intelligence sharing alliance, which includes the United States, Britain, Australia and New Zealand, with Washington, London and Canberra expressing concern.

Asked if any of these countries, with whom India also enjoys close ties, had raised the issue with New Delhi, Bagchi said: "We have been discussing with them, we have conveyed our position how we see these developments."

Bagchi also said Canada should be worried about damage to its reputation and not India, when asked about the risk posed by the row to New Delhi's global standing.

"If there is any country that needs to look at it, it is Canada, its growing reputation as a safe haven for terrorists, extremists and for organised crime," he said, adding that India had in vain sought action against more than 20 individuals.

India has not provided any details of acts of terrorism carried out by Sikh separatists against its interests in Canada.

THREAT TO TRADE TIES

Canada has the largest population of Sikhs outside the northern Indian state of Punjab, with about 770,000 people reporting Sikhism as their religion in the 2021 census.

A bloody Sikh insurgency in the 1980s and 1990s in Punjab killed tens of thousands of people before it was suppressed. The separatists wanted the creation of an independent Sikh state called Khalistan.

Although there is hardly any support for the insurgency left in India, small groups of Sikhs in Australia, Britain, Canada and the United States support the separatist demand and occasionally stage protests outside Indian embassies.

New Delhi, which remains wary of any revival of the insurgency, has long been unhappy over Sikh separatist activity in Canada.

The spat is also threatening trade ties, with talks on a proposed trade deal frozen last week.

Canada is India's 17th largest foreign investor, while Canadian portfolio investors have put billions of dollars in Indian financial markets.

Since 2018, India has been the largest source of international students in Canada, with their numbers rising 47% in 2022 to nearly 320,000.

Industry estimates show the Comprehensive Economic Partnership Agreement (CEPA) between Canada and India could boost two-way trade by as much as $6.5 billion.

(Additional reporting by Sakshi Dayal and Shivam Patel; Writing by YP Rajesh; Editing by Alex Richardson and Miral Fahmy)

(([email protected]; X: @YPRajesh))