Teamlease Services Limited

SBI Mutual Fund decreased its stake in Teamlease Services Limited from 2.55% to 2.11% by selling 105,914 shares. The shares were valued at approximately ₹13.23 Cr based on the share price of ₹1248.80.

A provider of comprehensive employment-related services, Team Lease Services operates across India offering staffing, recruitment, training, payroll processing, and regulatory compliance solutions. The company specializes in helping organizations manage their workforce requirements and human resources administration across multiple sectors. Its diversified portfolio of commercial services addresses the complete employment lifecycle for corporate clients nationwide.

India's largest AMC by total AUM, managing over Rs 11 lakh crore across equity, debt and hybrid schemes. Backed by State Bank of India, the country's largest bank, which gives it unmatched retail reach across every Indian state. With over 70 schemes and 50 million folios, SBI MF's positioning moves are tracked as a proxy for domestic institutional flows.