TeamLease Services announces ₹238 crore buyback plan
TeamLease Services announced a ₹238 crore share buyback at ₹1,600 per share, representing 8.87% of its equity capital. This follows a 26% rise in Q4 net profit, indicating strong financial performance.
pre-market1 source ↓written by the desknot a recommendation
- share buyback
- ₹238 crore
- equity shares
- 14.87 lakh
- each
- ₹1,600
- of its total
- 8.87%
- capital
- 31 Mar 2026
TeamLease Services approved a ₹238 crore share buyback to repurchase 14.87 lakh equity shares at ₹1,600 each. This buyback represents 8.87% of its total paid-up equity capital as of 31 Mar 2026. The move aims to enhance shareholder value and will be funded through existing cash reserves.
The announcement follows a 26% rise in Q4 net profit, signaling strong financial health and potential positive sentiment among investors.
Not investment advice. For informational purposes only.