Mirae Asset cuts TeamLease stake to 5.40% in open-market sale
TEAMLEASE · price
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On the reaction day the stock moved 1.9 pts less than Nifty Microcap 250 and 1.4 pts less than its Diversified Commercial Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Mirae Asset Mutual Fund sold 149,729 TeamLease shares in the open market on 26 October 2026. Its holding fell from 975,143 shares, or 6.38%, to 825,414 shares, or 5.40%, a reduction of 0.98 percentage points. The company’s total share capital remained unchanged at 15,281,400 shares.
The stake reduction may create some selling pressure, although Mirae Asset remains a significant shareholder with a 5.40% holding.