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TeamLease Services gets nod from RBI to increase FPI limits

07 Mar 2018 Evaluate

TeamLease Services has received approval from the Reserve Bank of India (RBI) to increase Foreign Portfolio Investment (FPI) limits under Portfolio Investment Scheme from 24% to 75% of the paid-up capital of the Company pursuant to Board and Shareholders’ approval.

Accordingly, the restrictions placed on the purchase of shares of the company by FPIs are withdrawn with immediate effect.

TeamLease Services are one of India’s leading providers of human resource services with a vision of Putting India to Work. The Employment services include staffing solutions, recruitment services and compliance services.

Peers
Company Name CMP
SIS 392.80
Quess Corp 347.15
TeamLease Services 1000.00
Bluspring Enterprise 167.65
BLS Internatl. Serv. 227.80
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