TeamLease Services Buyback 2023 Record Date, Buyback Price, Entitlement Ratio


Last updated on May 1, 2023

TeamLease Services Buyback 2023

TeamLease Services Buyback 2023 description – TeamLease Services provides employment-related services. It provides staffing, recruitment, training, payroll processing and regulatory compliance solutions.

TeamLease Buyback

Its business segments are:

  • General staffing
  • Specialized staffing
  • HR Services

TeamLease Services Share Buyback 2023 Details

TeamLease Services Buyback Dates12 – 25 May 2023
TeamLease Buyback Price INR 3,050 per share
Market Price on Buyback ApprovalINR 2,328.15 per share
Buyback Premium on Market Price31%
Buyback Offer Size (Shares)3,27,869 shares
Buyback Offer Size (Amount)INR 100 crore
Offer TypeTender
Promoter ParticipationYes
Face Value INR 10 per share
Listing AtBSE, NSE

TeamLease Services Buyback Dates (Timeline)

Board Meeting Intimation for Buyback Proposal25 January 2023
Buyback Approval Date3 February 2023
Public Announcement of Buyback20 March 2023
TeamLease Buyback Record Date3 April 2023
Buyback Opening Date12 May 2023
Buyback Closing Date25 May 2023
Cut-off Date to receive completed tender forms by Registrar25 May 2023
Verification Date by the Registrar31 May 2023
Return of unaccepted shares by Registrar5 June 2023
Extinguishment of accepted shares12 June 2023

TeamLease Services Buyback 2023 Documents

Letter of Offer
Draft Letter of Offer
Public Announcement
Board Approval
Upcoming Share Buyback

TeamLease Services Buyback Entitlement Ratio

Shareholder CategoryEntitlement RatioEntitlement Ratio (in %)
Small Shareholders
(less than INR 2 Lakh on record date)
General category
(for all other Eligible Shareholders)

Small Shareholder is defined as shareholder who holds shares worth less than INR 2,00,000 as of record date.

TeamLease Services Financial Performance

FY 2020FY 2021FY 2022
Total Expenses5,146.514,823.556,382.21
Net income 34.9878.4839.46
Figures in INR crore unless specified otherwise

Calculation of Investment in Buyback

Maximum market value of a share holder as on record dateINR 2,00,000
Buyback price per shareINR 3,050
Maximum shares for small shareholder (2,00,000/3,050)66 shares *
Closing price of stock as on 3 February 2023INR 2,328.15**
Maximum amount invested in buyback (INR 2,328.15 x 66 shares)INR 1,53,657.9
* No. of shares stands to change according to the closing price on record date
** For simplicity, we have considered price on buyback approval date

TeamLease Services Buyback Profit Guidance

Shares Tendered Buyback EntitlementAcceptance ratioBuyback ProfitProfit in %
661212 (100%)8,662.25.64
661224 (200%)17,324.411.27
661236 (300%)25,986.616.91

Registrar of TeamLease Services Buyback 2023

Selenium Tower B, Plot No – 31 & 32,
Financial District, Nanakramguda,
Serilingampally, Hyderabad Rangareddi,
500 032, Telangana, India
Phone: +91 40 6716 2222
Email: [email protected]

Manager of TeamLease Services Buyback 2023

6th Floor, Edelweiss House,
Off C.S.T. Road, Kalina, Mumbai 400 098
Tel: +91 22 4009 4400
Email: [email protected]

Process to Participate in TeamLease Services Buyback

All eligible shareholders of the company who own shares in the physical or demat form on the record date may participate in the buyback offer through their stock broker. The eligible shareholders who hold the shares in demat form must notify their brokers of the details of the equity shares that they wish to tender in the buyback offer.

The shareholder must transfer the tendered shares to the clearing corporation’s Special account. In turn, the broker would place a buyback order on the stock exchange.

The eligible shareholders who own the shares in physical form must present their broker with the original share certificates and supporting documents. After document verification is complete, the broker places an order on the stock exchange and submits the original share certificate and TRS (Transaction Registration Slip) to the registrar.

Frequently Asked Questions

What are TeamLease Services buyback dates?

TeamLease Services share buyback opens on 12 May 2023 and closes on 25 May 2023.

Which type of buyback is TeamLease Services buyback offer?

TeamLease Services buyback is a tender offer.

What is TeamLease Services buyback price?

TeamLease Services buyback price is INR 3,050 per share.

What is TeamLease Services’ buyback record date?

TeamLease Services’ buyback record date is 3 April 2023.

How to participate in TeamLease Services share buyback?

TeamLease Services share buyback will be conducted through the tender process and investors who hold the shares on record date can place orders through their broker.


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