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TeamLease Services to acquire stake in Avantis

03 Aug 2018 Evaluate

TeamLease Services has signed definitive agreements to acquire stake in Avantis Softech LLP (Avantis). The company will invest Rs 7 crore in Avantis. The transaction remains subject to customary closing conditions and regulatory approvals and is expected to close before the end of September 2018. Avantis will be converted into a private limited company and will operate as a separate and independent entity.

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.

TeamLease Services Share Price

1263.65 25.35 (2.05%)
20-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Quess Corp 193.50
SIS 327.10
TeamLease Services 1263.65
Bluspring Enterprise 64.74
Updater Services 159.45
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