TeamLease Services Announces ₹447.50 Crore Buyback Through Tender Offer

TeamLease Services Limited has announced the opening of its Offer to Buy (Buyback) through the Tender Offer Route via the Stock Exchange Mechanism. The company has received the necessary approvals from the Board of Directors and shareholders to proceed with the buyback.

Key Highlights
Company: TeamLease Services Limited
Notice Date: 08 July 2026
Category: Trading
Segment: Equity
Department: Listing Business Relationship
 

Buyback Details
Buyback Size: Up to 14,47,500 fully paid-up equity shares
Face Value: ₹10 per share
Buyback Price: ₹3,090 per equity share
Total Buyback Consideration: Up to ₹447.50 crore
Buyback Method: Tender Offer through the Stock Exchange Mechanism
 

Financial Impact

The buyback represents:

21.96% of the company's paid-up equity share capital and free reserves based on the audited standalone financial statements as of March 31, 2026.
22.06% of the company's paid-up equity share capital and free reserves based on the audited consolidated financial statements as of March 31, 2026.

Post completion of the buyback, the promoters and promoter group shareholding is expected to increase from 61.70% to 62.02%, assuming full acceptance of the buyback.

Buyback Timeline
Opening Date: Thursday, July 16, 2026
Closing Date: Wednesday, July 22, 2026