Buyback20 May 2026, 05:01 pm
TeamLease to Buyback Shares worth ₹238 Cr at ₹1,600
AI Summary
TeamLease Services Ltd's board approved a buyback of up to 14,87,500 equity shares at ₹1,600 per share, payable in cash, for an aggregate amount not exceeding ₹238 Crores. The buyback represents 8.87% of the total paid-up capital as of March 31, 2026, and is subject to shareholder approval via postal ballot. The buyback price represents a premium of 15.37% and 15.58% over the closing price on NSE and BSE, respectively, on May 8, 2026.
Key Highlights
- TeamLease board approves buyback of up to 14,87,500 equity shares.
- Buyback price is set at ₹1,600 per equity share, payable in cash.
- The total buyback size will not exceed ₹238 Crores.
- Buyback represents 8.87% of the company's total paid-up capital.
- Shareholder approval is required via postal ballot.
Price Impact
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