TeamLease acquires 40% stake in Schoolguru for Rs 13 crore

201711.08
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Staffing services firm TeamLease Services has acquired 40 percent stake in online learning company Eduserve Pvt Ltd for Rs 13.53 crore, a move that will accelerate TeamLease’s employability strategy.

The transaction involves purchase of both primary as well as secondary shares of the company through a structured deal. The purchase of additional stake by TeamLease is linked to the company’s future performance and meeting its milestones, the company confirmed.

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