TeamLease announces ₹238 cr buyback as Q4 profit rises
pre-market1 source ↓written by the desknot a recommendation
- worth
- ₹238 cr
- repurchasing
- 14.87 lakh shares
- each
- ₹1,600
- of its total
- 8.87%
- equity
- 31 Mar 2026
TeamLease Services has approved a share buyback worth up to ₹238 cr, repurchasing over 14.87 lakh shares at ₹1,600 each. This buyback represents 8.87% of its total equity as of 31 Mar 2026 and will be funded through existing cash reserves. The move aims to enhance shareholder value amid ongoing stock pressure.
Not investment advice. For informational purposes only.