BLS E-Services Ltd. stated on June 24, 2025, that its subsidiary, Zero Mass Private Limited, has signed a definitive agreement to acquire the Customer Service Points (CSPs) of State Bank of India (SBI) and HDFC Bank. These CSPs are part of Sub-K Impact Solutions Limited’s business correspondent operations.
The total value of the acquisition is approximately ₹6.5 crore. The deal will be carried out on a slump sale basis. Completion depends on approvals from both banks involved, as well as other statutory and regulatory clearances. Certain conditions outlined in the agreement must also be met before the deal can be closed.
The acquisition includes about 1,400 active CSP codes linked to SBI and around 80 CSP codes linked to HDFC Bank. These Customer Service Points are spread across Andhra Pradesh, Telangana, Maharashtra, Odisha, Rajasthan, and Karnataka.
The business serves roughly 4.75 million customers annually. It handles close to 16 million transactions each year. The estimated total transaction volume across the network stands at approximately ₹8,300 crore for FY 2024-25.
BLS E-Services, through Zero Mass, operates in the e-governance and assisted services space. This acquisition expands its CSP base and adds to its presence in both rural and semi-urban areas. The company currently provides services in banking, social welfare, utilities, and other public-facing sectors.
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As of 09:39 AM on June 25, 2025, BLS E-Services share price was trading at ₹200.10, a 1.98% increase, with a 4.57% decline over the past 6 months and a 24.20% over the past year.
Once completed, the acquisition will add to BLS’s existing service infrastructure, increasing the number of CSPs under its management across key Indian states. The transaction is pending necessary approvals.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Jun 25, 2025, 10:48 AM IST
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