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Accordingly, the restrictions placed on the purchase of shares of the company by FPIs are withdrawn with immediate effect.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