TeamLease exits JV Crystal HR by selling 30% stake for Rs 10.12 crore

Strategic Transactions View source PDF Explain this filing

TEAMLEASE · price

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

-0.3%Reaction day

₹1253.10

prior close

₹1250.80

announcement price

After-mkt

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Nifty Microcap 250market · in no size index; the smallest one is used+0.1%-0.4% vs market

Diversified Commercial Services peers, median of 72sector-0.7%+0.4% vs sector

On the reaction day the stock moved 0.4 pts less than Nifty Microcap 250 and 0.4 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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30m

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Sessions after the filingfrom the prior close

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Reaction day

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Next day

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UpDownMarket · Nifty Microcap 250Sector · Diversified Commercial Services peers, median of 72Pending

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

AI summary

TeamLease has executed an Exit Agreement with its joint venture Crystal HR and Securities Solutions on August 12, 2026, selling its entire 30% equity stake for Rs 10.12 crore in cash under a Share Purchase Agreement from January 2025. Crystal HR and its promoter Srividya V are the buyers, making it a related party transaction valued at arm's length with an independent valuation. Crystal HR contributed zero revenue and only Rs 0.95 crore (about 0.7 percent) to consolidated net worth last year. Post completion, Crystal HR will cease to be a JV of TeamLease. The move is aimed at portfolio rationalisation and capital allocation priorities.

Likely market impact

Small cash inflow from a non-core asset with minimal financial contribution. Likely neutral to slightly positive for shareholders as capital is redeployed.