Teamlease Services Limited
Bajaj Allianz Life Insurance decreased its stake in Teamlease Services from 4.24% to 4.05%, selling 91,931 shares. The value of the shares sold was approximately ₹11.48 crore, based on the closing price of ₹1248.80 per share.
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.
Now wholly owned by Bajaj Finserv after the Bajaj Group bought out Allianz SE's 26% stake in March 2025 for Rs 24,180 crore. Total AUM over Rs 1.2 lakh crore. Flagship Pure Stock Fund manages over Rs 7,200 crore as a Shariah-compliant Indian equity book. Active investor across large and midcap names through ULIP and group fund vehicles.