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TeamLease Services gets nod to acquire additional stake in Cassius Technologies

25 Jul 2018 Evaluate

TeamLease Services has received approval for acquisition of additional 21% stake in Cassius Technologies (Fresher’s World). With the additional 21% equity, the Company’s stake in Fresher’s World increases from 30% to 51% and Fresher’s World will become subsidiary of TeamLease Services post completion of the transaction.

The meeting of the Board of Directors of the company held on July 24, 2018 approved the same.

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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