TeamLease takes note of amalgamation scheme between its subsidiaries via Circular Resolution

According to scheme Evolve Technologies & Services, a step down WOS of the company merges into TeamLease Digital WOS of the company.

Dec 03, 2020 08:12 IST India Infoline News Service

TeamLease Services
TeamLease Services Limited Board of Directors on Wednesday has taken note of, via Circular Resolution, the proposal to amalgamate and the Scheme of Amalgamation of, Evolve Technologies & Services Private Limited (Evolve), a step down Wholly Owned Subsidiary (WOS) of the company into TeamLease Digital Private Limited (TDPL), Wholly Owned Subsidiary of the company, as approved by the respective Board of Directors of Evolve and TDPL.

“The scheme is subject to the approvals of the National Company Law Tribunal and any other statutory or other authority,” company said in a regulatory filing on Wednesday.

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