Teamlease Services Limited Sets Record Date for Proposed Share Buyback
Teamlease Services Limited has announced the designation of a Record Date concerning its proposal to buy back fully paid up equity shares, subject to shareholder approval. The company is pursuing a tender offer process for the repurchase of shares.The Board of Directors had approved the proposed buyback on May 20, 2026, pending subsequent approval from the company’s shareholders. Following internal review, the Buyback Committee determined and set the Record Date to determine the entitlement and names of eligible shareholders. This date was confirmed as Friday, July 03, 2026.
The proposed buyback involves not exceeding 14,87,500 Equity Shares of the company, each having a face value of ₹ 10/-. The purchase price for these shares is set at ₹ 1,600/- per Equity Share on a proportionate basis through the tender offer process.
The process for availing shareholder approval is currently underway via Postal Ballot mode. Furthermore, the remote e-voting period for shareholders has been opened, running from Saturday, May 30, 2026 (09:00 A.M. IST) to Sunday, June 28, 2026 (05:00 P.M. IST).
TEAMLEASE Stock Price Movement
Shares of Teamlease Services Limited are trending upward to reach ₹1420.3 as of 12:47 PM, having gained 0.69% in live trading sessions. The stock is seeing brisk intraday activity, with total traded volume reaching 21,024 shares so far today.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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