TeamLease Sells Entire 30% Stake in Crystal HR for ₹10.12 Cr

TeamLease Services Ltd announced its Board of Directors has approved the divestment of its entire 30% equity stake in its joint venture company, Crystal HR and Securities Solutions Private Limited. The decision aligns with the company's strategy for portfolio rationalization and capital allocation priorities. The transaction, valued at ₹10.12 Crores in cash, is being executed under the terms of a Share Purchase Agreement dated January 06, 2025. Crystal HR has agreed to buy back the stake. The deal is subject to customary conditions precedent and regulatory approvals. Upon completion, Crystal HR will cease to be a joint venture of TeamLease. The net worth contribution of Crystal HR to TeamLease was ₹0.95 crore, representing 0.7% of consolidated reporting.