TeamLease completes exit from Crystal HR as remaining shares are extinguished
As filed · TeamLease Extinguishment of 1,200 Equity Shares pursuant to Buyback by Joint Venture Company, Crystal HR and Security Solutions Private Limited ( Crystal HR )
Special SituationMixedMinormateriality 45 out of 100
What happened
FactCrystal HR completed the buyback of 1,200 equity shares tendered by TeamLease, with the shares accepted and extinguished effective September 21, 2026. TeamLease's holding in Crystal HR is now nil, and Crystal HR has ceased to be a joint venture of TeamLease.
Why it matters
CapitSignal interpretationA buyback returns cash by retiring shares, so the benefit to a holder depends on the price paid, how many of their shares are accepted, and what the stub is worth afterwards.
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Fact- Record date and acceptance ratio
- Promoter participation
- Cash left on the balance sheet afterwards
- Lastly, on our EBITDA growth guidance of 20% in FY '27. (management committed by FY27)
Evidence
How CapitSignal classified this
- Reasoning:
- The transaction completes TeamLease's exit from its Crystal HR joint venture, removing the company's remaining ownership interest in that entity. The filing does not disclose the transaction value or financial impact.
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 75%