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Team Lease enters into share purchase agreement with IMSI

13 Nov 2019 Evaluate

Team Lease has executed share purchase agreement with I.M.S.I. Staffing (IMSI) a company incorporated under the Companies Act, 2013 and having its registered office at Subash Nagar, Dehradun-248002 to acquire 72.7% stake in IMSI.

Vide the above said share purchase agreement and the subsequent acquisition of 72.7% stake, IMSI stands as a subsidiary of the company with effect from November 12, 2019.

Team Lease 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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