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A day after Investors Meeting, HDFC Mutual Fund increases stake in Team Lease Services


Team Lease Service Logo

Team Lease Services (click here to view this on our SNAP Analytics Tool) – India’s leading providers of human resource services in the organized segment. Their employment services include temporary staffing solutions, permanent recruitment services and regulatory consultancy for labour law compliance; our employability offerings include different types of learning and training solutions, including retail learning solutions, institutional learning solutions and enterprise learning solutions.


DSP Blackrock Mutual Fund which held 535,807 shares representing 3.12% of the share capital as of April, 2016 sold 371,666 shares or 2.17% to HDFC Mutual Fund. Its new reduced stake stands at 164,141 shares representing 0.96% of the share capital.


With this HDFC Mutual Fund’s increased stake stands at 1,116,119 shares or 6.50%. This purchase comes after a day when Vinay Kulkarni representing HDFC MF attended the Mid-cap Conference 2016 held by Team Lease on the 25-May-2016.

Team Lease Holdings by HDFC and DSP Blackrock

Update: Today after market hours, HDFC Mutual Fund confirmed the above transaction with this disclosure



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