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Stocks

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

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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.

dspBR_MF_logo

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.

HDFC MF Logo

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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Disclaimer

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