The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for NED Consultants LLP
TEAMLEASE · price
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NED Consultants LLP, a promoter of TeamLease Services, sold 83,845 shares (~0.50% of total equity) in the open market between August 6 and August 14, 2025. This was disclosed under SEBI's SAST Regulation 29(2). Post-sale, NED Consultants LLP's stake in the company stands at 10,93,308 shares, or 6.52% of the share capital, down from 7.02% earlier. The total equity share capital of TeamLease remains unchanged at 1,67,68,900 shares. No encumbered shares or warrants were involved in the transaction.
The stake sale is modest in size (~0.50%) and was executed through the open market, suggesting gradual portfolio rebalancing by the promoter rather than a loss of confidence. Shareholders should monitor whether further promoter selling follows, but the immediate impact on stock price is likely limited.