BLS International Faces Govt Ban: Shares Plunge 18% – Analysts See 100% Upside?
India’s Ministry of External Affairs on Oct. 9 barred BLS International from bidding for new visa and passport outsourcing contracts for two years, citing court cases and applicant complaints. Existing contracts remain unaffected. BLS shares plunged up to 18% on Oct. 13, hitting a 52-week low. The company called the ban procedural and said it is working to resolve the issue.
