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TeamLease Providers block deal: Goldman Sachs sells shares price Rs 17 crore in smallcap inventory

News Team by News Team
February 25, 2025
in Business
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TeamLease Providers block deal: Goldman Sachs sells shares price Rs 17 crore in smallcap inventory
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Goldman Sachs on Tuesday bought 89,314 shares price Rs 17.5 crore in smallcap inventory Teamlease Providers through a block deal. The shares had been bought through Goldman Sachs Funds – Goldman Sachs India Fairness Portfolio at a worth of Rs 1,960 per share.

Goldman Sachs holds stake in TeamLease Providers through three funds, specifically Goldman Sachs Funds – Goldman Sachs India Fairness Portfolio, Goldman Sachs Funds – Goldman Sachs Rising Markets Fairness Portfolio and Goldman Sachs Belief – Goldman Sachs Rising Markets Fairness Fund.

Previous to immediately’s block deal Goldman Sachs held 3,46,430 fairness shares representing 2.07% via Goldman Sachs India Fairness Portfolio as on December 31, 2024.

The opposite funds held 1,92,497 shares (1.15%) and 1,69,800 shares (1.01%), respectively on the finish of the December quarter.

Its holding within the January to March quarter will probably be up to date on the BSE in April.

Additionally Learn: Goldman Sachs sells total stake price Rs 95 crore on this smallcap inventoryTeamLease Providers is a supplier of human useful resource providers within the organised phase, delivering a broad vary of human useful resource providers to numerous industries. Its providers span the whole provide chain of human assets in India, masking features of employment, employability and schooling.The sell-off comes on the again of a lackluster efficiency by the inventory thus far in 2025, with the share worth eroding by 32% on the year-to-date foundation. Within the final one 12 months, the returns are down 33%.

TeamLease Providers shares have underperformed Nifty each on a YTD and 1-year foundation with latter’s returns standing at -5% in 2025 thus far whereas gaining 2% over a 1 12 months interval.

Additionally Learn: As much as 28% fall in a single month. Will US stagflation imply extra unhealthy information for Indian IT shares?

On Tuesday, the shares of TeamLease Providers closed at Rs 1975.45 on the BSE, gaining by Rs 18.60 or 1% over the Monday closing worth. The present downturn has engineered a fall within the counter beneath its 50-day easy shifting common (SMA) and 200-day SMA of Rs 2,555 and Rs 2,889, respectively.

(Disclaimer: Suggestions, recommendations, views and opinions given by the specialists are their very own. These don’t signify the views of Financial Occasions)

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Goldman Sachs on Tuesday bought 89,314 shares price Rs 17.5 crore in smallcap inventory Teamlease Providers through a block deal. The shares had been bought through Goldman Sachs Funds – Goldman Sachs India Fairness Portfolio at a worth of Rs 1,960 per share.

Goldman Sachs holds stake in TeamLease Providers through three funds, specifically Goldman Sachs Funds – Goldman Sachs India Fairness Portfolio, Goldman Sachs Funds – Goldman Sachs Rising Markets Fairness Portfolio and Goldman Sachs Belief – Goldman Sachs Rising Markets Fairness Fund.

Previous to immediately’s block deal Goldman Sachs held 3,46,430 fairness shares representing 2.07% via Goldman Sachs India Fairness Portfolio as on December 31, 2024.

The opposite funds held 1,92,497 shares (1.15%) and 1,69,800 shares (1.01%), respectively on the finish of the December quarter.

Its holding within the January to March quarter will probably be up to date on the BSE in April.

Additionally Learn: Goldman Sachs sells total stake price Rs 95 crore on this smallcap inventoryTeamLease Providers is a supplier of human useful resource providers within the organised phase, delivering a broad vary of human useful resource providers to numerous industries. Its providers span the whole provide chain of human assets in India, masking features of employment, employability and schooling.The sell-off comes on the again of a lackluster efficiency by the inventory thus far in 2025, with the share worth eroding by 32% on the year-to-date foundation. Within the final one 12 months, the returns are down 33%.

TeamLease Providers shares have underperformed Nifty each on a YTD and 1-year foundation with latter’s returns standing at -5% in 2025 thus far whereas gaining 2% over a 1 12 months interval.

Additionally Learn: As much as 28% fall in a single month. Will US stagflation imply extra unhealthy information for Indian IT shares?

On Tuesday, the shares of TeamLease Providers closed at Rs 1975.45 on the BSE, gaining by Rs 18.60 or 1% over the Monday closing worth. The present downturn has engineered a fall within the counter beneath its 50-day easy shifting common (SMA) and 200-day SMA of Rs 2,555 and Rs 2,889, respectively.

(Disclaimer: Suggestions, recommendations, views and opinions given by the specialists are their very own. These don’t signify the views of Financial Occasions)

Tags: BlockcroreDealGoldmanSachssellsServicesSharessmallcapStockTeamLeaseWorth

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