TeamLease Exits JV Crystal HR for ₹10.12 Cr

TeamLease Services Ltd has executed an Exit Agreement with Crystal HR and Securities Solutions Private Limited, divesting its entire 30% stake in the joint venture. The agreement, dated August 12, 2026, follows the exercise of an exit option under a Share Purchase Agreement (SPA) from January 06, 2025. The divestment is for a consideration of ₹10.12 Crores in cash. The transaction is subject to customary conditions and approvals. TeamLease stated that this divestment is part of portfolio rationalization and capital allocation priorities, deemed to be in the best interest of the company and its shareholders. Upon completion, Crystal HR will cease to be a joint venture of TeamLease. The net worth contribution of the JV to TeamLease was ₹0.95 crore, representing 0.7% of consolidated reporting.