Staffing and recruitment company TeamLease Services has announced that its board of directors will meet on May 20 to consider and approve a proposal to buy back some shares from its shareholders, along with its results for the January-March quarter of the financial year 2026.
If approved, the buyback would mark the first such corporate action in three years. In 2023, the company announced a share buyback of nearly 3.28 lakh shares with a face value of Rs 10 each, aggregating to a little over Rs 100 crore. The buyback price was fixed at Rs 3,050 apiece, implying a premium of more than 38% from the levels at which the stock was trading on the record date.
