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BLS International Services Ltd. ( (IN:BLS) ) has shared an update.
BLS International Services Limited announced that the Ministry of External Affairs has temporarily restricted the company from participating in new Indian Mission tenders for two years. Despite this, the company states that the order will not affect its current financials or ongoing operations, as existing contracts remain valid. The company is actively working to resolve the issue, viewing it as a procedural matter within the visa outsourcing industry. BLS International remains confident in its growth trajectory, supported by a diversified business portfolio and strong business fundamentals.
More about BLS International Services Ltd.
BLS International Services Limited is an Indian multinational corporation that serves as a global tech-enabled services partner for governments and citizens. The company operates within the visa outsourcing industry and has diversified its business portfolio through securing contracts with key government and institutional clients across various countries, including the United States, United Arab Emirates, and several European nations. BLS International has also strengthened its business by acquiring iDATA and Citizenship Invest, enhancing its resilience against regional developments.
Average Trading Volume: 120,569
Technical Sentiment Signal: Hold
Current Market Cap: 138.9B INR
Learn more about BLS stock on TipRanks’ Stock Analysis page.