Teamlease Services Limited
Nippon India Mutual Fund reduced its stake in Teamlease Services from 8.77% to 8.26%, selling 2,09,678 shares.
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 fifth-largest AMC with over Rs 6 lakh crore in AUM, backed by Japan's Nippon Life Insurance which holds majority stake. Formerly Reliance MF, rebranded in 2019 after Nippon's acquisition. Sailesh Raj Bhan has run the equity book for over two decades and is one of India's most experienced active managers. Known for sector rotational calls and a deep research bench.