Teamlease Services Limited
ICICI Prudential Mutual Fund decreased its stake in Teamlease Services from 5.05% to 3.55%, selling 303,861 shares from its previous holding of 846,121 shares. This move meant that ICICI Prudential Mutual Fund no longer held over 5% of Teamlease Services.
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 second-largest AMC by AUM with over Rs 9 lakh crore managed across 80+ schemes. Joint venture between ICICI Bank and Prudential plc. CIO S. Naren is one of India's most recognised value investors, known for contrarian macro calls and rotating across market caps well ahead of consensus. ICICI Pru's quarterly portfolio disclosures are among the most closely watched in the industry.