Team Lease Services Ltd Buyback 2023
i. Founded in 2002, it is one of the largest staffing company in India. A Fortune India 500 company listed on the NSE & BSE, TeamLease has hired 17 lakh people over the last 17 years and has 2 lakh+ open jobs every day. One of India’s fastest growing employers. TeamLease also operates India’s first Vocational University and fastest growing PPP National Apprenticeship Program. The company offers solutions to large, medium and small clients across the 3Es of Employment (1.5lakh+ associates), Employability (2 lakh+students/trainees) and Ease-of-doing Business (55,000+ compliances).
ii. Business model of Teamlease:
a) Employment provider- Finding a right candidate for the company is always a difficult task and many times invovles lot of opex cost. Therein, Teamlease with their experience provides the facility of staffing solution. They give service as General Staff, & Specialised Staff. Moreover, as a corporate you can also get employee directly from the company’s portal such as Fresherworld, by posting online jobs.
b) Employability- In India, we say most of the today’s youth are not getting jobs as per their education, the reason being, lack of soft skills and aptitude, which is the utmost requirement to get a job in the corporate world. So, here Teamlease with programs/facility such as NETAP, Schollguru, and Teamlease Skills University, trained students to equip themselves for the corporate jobs.
c) Ease of Doing Business- Many times companies are not aware of labour laws, regulatory filing related to EPS/EPF for employees which sometimes results into regulatory compliance issues. Therein , Teamlease provide consultancy service to these companies.
Buy Back Offer Deal:
|Buyback Type:||Tender Offer|
|Buyback Record Date:||Apr 03 2023|
|Buyback Opening Date:||May 12 2023|
|Buyback Closing Date:||May 25 2023|
|Buyback Offer Amount:||₹ 100 Cr|
|Date of Board Meeting approving the proposal:||Feb 03 2023|
|Date of Public Announcement:||Feb 03 2023|
|Buyback Offer Size:||1.92%|
|Buyback Number of Shares:||3,27,869|
|Price Type:||Tender Offer|
|Buyback Price:||₹ 3,050 Per Equity Share|
Details of Buyback:
Salient financial parameters:
|Particulars (in Crores)||Mar 2018||Mar 2019||Mar 2020||Mar 2021||Mar 2022|
|Profit before tax||73||96||83||89||46|
|EPS in Rs||42.97||57.34||20.46||45.33||22.48|
How to Participate in buyback?
Profit from the buyback on the bases of acceptance Ratio:
|(i) Amount Invested in Buyback||1,53,648||1,53,648||1,53,648||1,53,648|
|(ii) No.of Shares Buyback||22||33||50||66|
|(iii) Buy Back Profit||15,884||23,826||36,100||47,652|
|(iv) Profit %||10.33%||15.50%||23.49%||31.01%|