TeamLease buys remaining 10% in TSR Darashaw, makes it wholly owned

Listed Co AcquisitionStrategic Transactions View source PDF Explain this filing

TEAMLEASE · price

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Price reactionminutes from the announcement price · days from the prior close

+3.2%Reaction day

₹1678.00

prior close

₹1665.30

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.4%+2.8% vs market

Diversified Commercial Services peers, median of 68sector+0.0%+3.2% vs sector

On the reaction day the stock moved 2.8 pts more than Nifty Microcap 250 and 3.2 pts more than its Diversified Commercial Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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Reaction day

+3.2+0.4+2.8+0.0+3.2

Next day

+2.2+0.0+2.2+0.0+2.2

+1.3-0.2+1.5+0.2+1.1

+1.2+0.7+0.5+0.5+0.7

+1.3+0.6+0.7-0.4+1.7

+1.4+0.5+0.9-0.6+2.0

+1.2+0.3+0.9-2.3+3.4

15d

-1.7-1.5-0.2-2.7+1.0

-4.6-6.6+2.0-7.3+2.7

-5.8-3.2-2.7-6.4+0.6

-16.9-5.2-11.7-13.6-3.3

UpDownMarket · Nifty Microcap 250Sector · Diversified Commercial Services peers, median of 68Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

TeamLease acquired the remaining 10% stake in TSR Darashaw HR Services for cash at 1.9x revenue, making it a wholly owned subsidiary from Nov 7, 2025. TSR Darashaw provides managed payroll with FY25 revenue of Rs 10.1 crore and 20% PBT margin, serving 70 enterprises with over 1.65 lakh records. This completes the initial 90% acquisition from Dec 2024.

Likely market impact

Boosts TeamLease managed payroll presence; full ownership gives complete control over TSR Darashaw revenue and margins.