NSEGeneral Updates20 Aug 2026 · 20 Aug 2026, 06:52 pm
General Updates
Teamlease Services Limited · TEAMLEASE
✦ AI SummaryDivestiture
TeamLease Services Limited has divested its entire stake in Joint Venture Company; Crystal HR and Securities Solutions Private Limited, ceasing to be a joint venture entity of the Company.
Analysis Scores
Earnings Impact5/10
Growth Catalyst2/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk5/10
Liquidity Impact8/10
Market Sentiment5/10
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Full Announcement
TeamLease Divestment of entire stake in Joint Venture Company; Crystal HR and Securities Solutions Private ( Crystal HR )
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TEAMLEASE_20082026185002_TeamLeaseIntimationonBuybackandTransferofShares.pdf
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August 20, 2026
To To
Listing Department Listing Department
BSE Limited, National Stock Exchange of India Limited,
Phiroze Jeejeebhoy Towers, Exchange Plaza, 5th Floor,
Dalal Street, Fort, Plot no. C/1, G Block,
Mumbai - 400 001 Bandra Kurla Complex, Bandra(E),
Mumbai - 400 051
Scrip Code: 539658 Scrip Code: TEAMLEASE
Dear Sir/Ma’am,
Sub: TeamLease Services Limited (TeamLease/Company) – Divestment of entire stake in Joint
Venture Company; Crystal HR and Securities Solutions Private (“Crystal HR”)
Ref: 1. Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015
2. SEBI Intimation filed dated July 29, 2026, pertaining to Divestment of entire stake in
Joint Venture Company; Crystal HR and Securities Solutions Private Limited (Enclosed
as Annexure A).
3. Execution of Exit Agreement with Joint Venture Company; Crystal HR and Securities
Solutions Private Limited (“Crystal HR”) (Enclosed as Annexure B).
With reference to the above and in continuation of our intimations dated July 29, 2026, and August 13,
2026, we wish to inform you that the Company has initiated the exercise of its’ exit option under the Exit
Agreement dated August 12, 2026, entered into between the Company and Crystal HR.
The structure of the complete exit transaction is detailed below:
Total stake Divested: 30% Shareholding in Crystal HR (Comprising a total of 3,000 Equity Shares).
Particulars Current Status
Mode of Transfer (Part 1): Transfer of 1,800 The transfer of the initial 1,800 Equity Shares to
Equity Shares by TeamLease Services Limited and Ms. Srividya V has been successfully executed, and
its Nominees to Ms. Srividya V, one of the the corresponding shares are in the process of
Promoters of Crystal HR has been initiated on being credited to the beneficiary's account.
August 20, 2026.
TeamLease Services Limited, CIN: L74140KA2000PLC118395
Registered Office: Infinix Square, B-4, B-5, B-6, HAL Industrial Estate, HAL GB Quarters, Vibhutipura, Bengaluru, Karnataka –
560037
Ph: (91-80) 6824 3333 Fax: (91-80) 6824 3001
Email ID: corporateaffairs@teamlease.com
Website: https://group.teamlease.com
Business Portal: https://www.teamlease.com
Mode of Buyback (Part 2): Tender of the The remaining 1,200 Equity Shares have been
remaining 1,200 Equity Shares for Buyback by formally tendered for Buyback and will be
TeamLease. processed and credited/extinguished in due
course pursuant to applicable laws and the terms
of the Exit Agreement.
Upon completion of the Buyback process, Crystal HR will cease to be a joint venture entity of the Company.
Further material developments, if any, will be intimated to the Stock Exchange(s) in due course.
We request you to kindly take the above information on record.
Thank You.
Yours faithfully,
For TeamLease Services Limited
Alaka Chanda
Company Secretary and Compliance Officer
Encl: As state above
TeamLease Services Limited, CIN: L74140KA2000PLC118395
Registered Office: Infinix Square, B-4, B-5, B-6, HAL Industrial Estate, HAL GB Quarters, Vibhutipura, Bengaluru, Karnataka –
560037
Ph: (91-80) 6824 3333 Fax: (91-80) 6824 3001
Email ID: corporateaffairs@teamlease.com
Website: https://group.teamlease.com
Business Portal: https://www.teamlease.com
August 13, 2026
To To
Listing Department Listing Department
BSE Limited, National Stock Exchange of India Limited,
Phiroze Jeejeebhoy Towers, Exchange Plaza, 5th Floor,
Dalal Street, Fort, Plot no. C/1, G Block,
Mumbai - 400 001 Bandra Kurla Complex, Bandra(E),
Mumbai - 400 051
Scrip Code: 539658 Scrip Code: TEAMLEASE
Dear Sir/Ma’am,
Sub: TeamLease Services Limited (TeamLease/Company) – Execution of Exit Agreement with
Joint Venture Company; Crystal HR and Securities Solutions Private Limited (“Crystal HR”)
Ref: 1. Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015
2. SEBI Intimation filed dated July 29, 2026, pertaining to Divestment of entire stake in
Joint Venture Company; Crystal HR and Securities Solutions Private Limited (Enclosed
as Annexure A).
With reference to the above and in continuation of our intimation dated July 29, 2026, we wish to inform
you that the Company has entered into an Exit Agreement dated August 12, 2026, with Crystal HR and
Securities Solutions Private Limited, pursuant to the exercise of the exit option under the Share Purchase
Agreement dated January 06, 2025 ("SPA") entered into between the Company and Crystal HR.
The execution of the Exit Agreement is in furtherance of the divestment transaction previously disclosed
to the stock exchanges and the terms of the SPA.
We request you to kindly take the above information on record.
Thank You.
Yours faithfully,
For TeamLease Services Limited
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Alaka Chanda
Company Secretary and Compliance Officer
Encl: As state above
TeamLease Services Limited, CIN: L74140KA2000PLC118395
Registered Office: Infinix Square, B-4, B-5, B-6, HAL Industrial Estate, HAL GB Quarters, Vibhutipura, Bengaluru, Karnataka –
560037
Ph: (91-80) 6824 3333 Fax: (91-80) 6824 3001
Email ID: corporateaffairs@teamlease.com
Website: https://group.teamlease.com
Business Portal: https://www.teamlease.com
July 29, 2026
To To
Listing Department Listing Department
BSE Limited, National Stock Exchange of India Limited,
Phiroze Jeejeebhoy Towers, Exchange Plaza, 5th Floor,
Dalal Street, Fort, Plot no. C/1, G Block,
Mumbai - 400 001 Bandra Kurla Complex, Bandra(E),
Mumbai - 400 051
Scrip Code: 539658 Scrip Code: TEAMLEASE
Dear Sir/Ma’am,
Sub: TeamLease Services Limited (TeamLease/Company) - Intimation under Regulation 30 of
the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Divestment
of entire stake in Joint Venture Company; Crystal HR and Securities Solutions Private
Limited
With reference to the captioned subject matter and pursuant to Regulation 30 read with Schedule III of
the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI LODR"), this is to
inform you that, the Board of Directors of TeamLease ("the Company"), at its meeting held on July 29,
2026, has decided to exercise its exit option under the Share Purchase Agreement dated January 06, 2025,
(SPA), entered into by the Company and Crystal HR and Securities Solutions Private Limited (“Crystal HR”).
Consequently, as per the terms of the SPA, Crystal HR has agreed to Buyback Company’s entire equity
stake of 30%.
The transaction is being undertaken pursuant to the terms mutually agreed between the parties and is
subject to completion of customary conditions precedent and regulatory/contractual approvals, if any.
Upon completion of the transaction, the Joint Venture Company shall cease to be a joint venture of the
Company.
The Board has determined that the proposed divestment is in the best interests of the Company and its
Shareholders, considering portfolio rationalisation and capital allocation priorities.
In compliance with Regulation 30 of SEBI LODR Regulations, 2015 and SEBI Circular
SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, please find enclosed herewith the required
disclosures in Annexure A.
TeamLease Services Limited, CIN: L74140KA2000PLC118395
Registered Office: Infinix Square, B-4, B-5, B-6, HAL Industrial Estate, HAL GB Quarters, Vibhutipura, Bengaluru, Karnataka –
560037
Ph: (91-80) 6
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