Announced Thu, 23 Jul · 17:48 IST
TeamLease buyback completed; Rs 238 crores utilised, 14.87 lakh shares extinguished
Corporate Actions View source PDF
TEAMLEASE · price
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Price reaction · full curve 14 horizons · vs prior close
-1.5%1-day move
₹1307.20
prior close
₹1309.90
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.8-0.1-0.0+0.8-1.5—————————
Up moveDown movePending
AI summary
TeamLease completed its share buyback through tender offer, purchasing 14,87,500 equity shares at Rs 1,600 per share, totalling Rs 238 crore. The buyback saw strong oversubscription of 4.92 times, with 26,238 valid bids for 73,19,698 shares. Post buyback, paid-up equity capital reduced from 1,67,68,900 to 1,52,81,400 shares. Shares were accepted and transferred to the company on July 21, with extinguishment on or before July 22, 2026.
Likely market impact
Reduces share count by about 8.9 percent, boosting EPS. Strong 4.92 times oversubscription signals high investor confidence.