BLS International Shares Plummet Amid Visa Fraud Allegations

BLS International's shares plummeted up to 14% in Monday's trading session following reports of alleged visa fraud. The company, which provides Indian visa services, rejected claims that it was involved in irregularities.

The stock hit an intraday low of Rs 233.47 apiece on the NSE, down 14%, before recovering to settle at Rs 242.17 apiece, a 10.73% decline.

In response to allegations, BLS International stated that there was no evidence establishing any wrongdoing by the company or its employees in relation to visa issuance. The company clarified that all decisions regarding visa processing and issuance rest solely with relevant diplomatic and consular authorities.