BSE · Corporate Action · Medium
BSE opens TeamLease Services buyback window at Rs 1,600 per share
TeamLease will buy back up to 8.87% of equity at Rs 1,600 per share, aggregating Rs 238 crore. Tender offer runs July 9-15.
What changed
- TeamLease Services launches buyback of up to 14,87,500 shares at Rs 1,600 each.
- Total buyback size capped at Rs 238 crore, within the 25% statutory limit.
- Offer window opens July 9 and closes July 15, 2026.
The read
TeamLease is returning capital at Rs 1,600 a share. It will buy back 8.87% of its equity through a tender offer, with the Rs 238 crore outlay staying under the 25% of free reserves allowed by law. For shareholders, the fixed price provides a clean exit floor. But proportional acceptance means not every seller gets full allotment. The window runs from July 9 to July 15. Participants must act quickly. The buyback also tightens the free float. That benefits remaining holders if earnings hold up. BSE's notice is procedural; the real decision was the company's.
TeamLease Services LimitedRs 1,600 per shareRs 238 crore
Primary source: official circular (PDF)