MoneyWorks4Me

Kotak MF picks 3.41% stake in TeamLease Services

19 Apr 2018 Evaluate

Kotak Funds India Midcap Fund has purchased 5,82,716 shares or 3.41 percent holding in the staffing company TeamLease Services through an open market transaction.

However, Gaja Capital has sold 1,07,884 shares on the NSE, while GPE offloaded 5,75,188 scrips on BSE and NSE together. The scrips were sold on an average price of about Rs 2,201, valuing the transaction at Rs 150.95 crore.

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 418.30
Quess Corp 341.10
TeamLease Services 1172.95
Bluspring Enterprise 144.95
BLS Internatl. Serv. 224.25
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