Corporate News
TeamLease announced it is divesting its entire 30% equity stake in Crystal HR and Securities Solutions Private Limited as part of a portfolio rationalization strategy, ending the joint venture relationship. The move, approved by TeamLease’s Board of Directors on July 29, 2026, involves a buyback by Crystal HR and Srividya V, a promoter of Crystal HR, who has already acquired 18,000 shares. The consideration for the stake is Rs 10.12 crores, paid in cash, and the transaction is considered a related-party transaction conducted at arm's length. Crystal HR’s turnover contribution to TeamLease was Rs 0 in the last financial year, while its net worth represented 0.7% of TeamLease’s consolidated net worth. The completion date is pending customary conditions precedent and regulatory approvals.