Divestment20 Aug 2026, 07:01 pm
TeamLease Divests 30% Stake in JV Crystal HR
AI Summary
TeamLease Services Ltd has initiated the divestment of its entire 30% stake in its joint venture company, Crystal HR and Security Solutions Private Limited. The transaction involves the transfer of 1,800 equity shares to Ms. Srividya V, a promoter of Crystal HR, which has been successfully executed. The remaining 1,200 equity shares will be bought back by Crystal HR. Upon completion of the buyback, Crystal HR will cease to be a joint venture entity of TeamLease. This move is in accordance with the Exit Agreement dated August 12, 2026, and the Share Purchase Agreement dated January 06, 2025.
Key Highlights
- TeamLease divests its entire 30% stake in Crystal HR.
- Transaction involves share transfer and a buyback of remaining shares.
- Crystal HR will no longer be a joint venture entity post-completion.
- Exit follows terms of Exit Agreement and Share Purchase Agreement.
Price Impact
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