TeamLease Acquires Additional 10% Stake in TSR Darashaw, Making it a Wholly Owned Subsidiary

TeamLease Services Ltd. has acquired an additional 10% stake in TSR Darashaw HR Services Private Limited, making it a Wholly Owned Subsidiary. The acquisition was made on November 07, 2025, and TSR Darashaw is in the business of providing HR services, including payroll processing, reimbursement processing, full & final settlements and investment proof checking, MIS reports, email helpdesk and web-based employee Services. The proposed acquisition does not fall within Related Party Transaction(s) and the Promoters of TeamLease have no interest in the entities proposed to be acquired. The acquisition strengthens TeamLease's market position in the Managed Payroll services space in India.