Luthra And Luthra Advises TeamLease And Edelweiss In Connection With Buyback Of Equity Shares

Luthra And Luthra's capital markets team advised TeamLease Services Limited, a Bangalore based company engaged in the business of human resource and employment services (the “Company”) and Edelweiss Securities Limited (the “Manager to the Buyback”) in connection with the Company’s offer to buy back up to 3,27,869 fully paid-up equity shares of the Company of face value of ₹ 10 each, representing 1.92% of the equity shares in the existing total paid-up equity capital of the Company from all eligible shareholders on a proportionate basis, through the ‘Tender Offer’ process, at a price of ₹ 3,050/- per equity share, payable in cash, for an aggregate maximum amount not exceeding ₹ 1,00,00,00,450 (the “Buyback”) excluding the transaction costs.