Mumbai, May 20 -- The company will buy back up to 14.87 lakh fully paid-up equity shares of face value Rs 10 each, representing up to 8.87% of its total paid-up equity capital.

TeamLease also received income tax refunds worth Rs 143.1 crore (including interest of Rs 13 crore), taking net free cash to around Rs 600 crore. The company said the buyback would be funded entirely through existing free cash balances.

The buyback is subject to shareholder approval through a special resolution and other statutory approvals. Promoters and promoter group entities are also eligible to participate in the proposed buyback. The actual number of shares bought back may vary upon completion of the process.

As on 15 May 2026, promoters and the promoter g...