The company had entered into a Share Purchase Agreement on November 12, 2019, with IMSI, towards the acquisition of a 100% stake in IMSI by the company, in three tranches.
IMSI was incorporated under the Companies Act, 2013, and having its registered office in Subash Nagar, Dehradun. The company acquired a 72.7% stake in IMSI on November 12, 2019 in first tranche.
The company on February 04, 2020, acquired 21.24% stake in IMSI in second tranche. The remaining acquisition was completed on July 23, 2021 in third and final tranche.
At around 10.20 AM, Team Lease Services Ltd was trading at Rs3,961.90 per piece up by Rs7.85 or 0.2% from its previous closing of Rs3,954.05 per piece on the BSE.