Buyback7 Jul 2026, 05:50 pm
TeamLease Launches ₹238 Cr Equity Share Buyback
AI Summary
TeamLease Services Ltd has submitted its Letter of Offer for a buyback of up to 14,87,500 equity shares, representing approximately 4.13% of its total paid-up equity share capital. The buyback will be conducted via a tender offer at a price of ₹1,600 per share, for an aggregate amount not exceeding ₹238 crores. The buyback is in compliance with SEBI regulations and the Companies Act, 2013. The record date for the buyback is July 3, 2026, with the buyback opening on July 9, 2026, and closing on July 15, 2026. The settlement of bids on stock exchanges is expected by July 22, 2026. The Letter of Offer and Tender Forms are available on the company's website.
Key Highlights
- TeamLease announces ₹238 Cr buyback of equity shares.
- Buyback price set at ₹1,600 per share via tender offer.
- Record date is July 3, 2026; buyback closes July 15, 2026.
- Up to 14,87,500 shares to be repurchased.
- Buyback complies with SEBI and Companies Act regulations.
Price Impact
More from TEAMLEASE