TeamLease Services Limited intends to launch an Equity Buyback on February 3, 2023.
January 24, 2023
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On January 25, 2023, TeamLease Services Limited announced that it Board of Directors will consider a share repurchase program. Under the program, the company will repurchase its own shares.
TeamLease Services Limited is an India-based company engaged in the business of providing manpower services. The Company is primarily focused on providing a gamut of HR services that include staffing services, temporary recruitment, permanent recruitment, payroll process outsourcing, regulatory compliance services, vocational training/education and assessments, technology-led specialized academic services, and end-to-end hiring technology driven services. Its segments include General Staffing and Allied Services, Specialised Staffing Services, and Other HR Services. Its General Staffing and Allied Services segment comprises staffing operations, temporary recruitment, payroll, and the National Employability Through Apprenticeship Program (NETAP). The Specialised Staffing Services segment comprises information technology (IT) staffing and telecom staffing operations. Its Other HR Services segment comprises permanent recruitment, regulatory compliance, and training operations.