Mirae Asset Mutual Fund Sells 0.98% Stake in TeamLease Services
"The transaction reduces Mirae Asset Mutual Fund’s holding in TeamLease Services by 0.98 percentage points, while its stake remains above 5% of the company’s total voting capital."
Mirae Asset Reduces Its Holding in TeamLease Services
Mirae Asset Mutual Fund has trimmed its investment in TeamLease Services by selling shares in the open market. Before the transaction, the fund held 9,75,143 shares, representing a 6.38% stake in the company.
After selling 1,49,729 shares, its holding declined to 8,25,414 shares, equivalent to 5.40% of the total voting capital. Mirae Asset is classified as a non-promoter shareholder, and the transaction did not change TeamLease Services’ total voting capital.
Transaction Details and Shareholding Changes
- Company: TeamLease Services Limited
- Seller: Mirae Asset Mutual Fund
- Shares Sold: 1,49,729 equity shares
- Transaction Method: Open market sale
- Shareholding Before the Sale: 9,75,143 shares, or 6.38%
- Shareholding After the Sale: 8,25,414 shares, or 5.40%
- Stake Reduction: 0.98 percentage points
- Shareholder Classification: Non-promoter entity
- Total Voting Capital: 1,52,81,400 shares, unchanged after the transaction
What to Watch Next
Investors will track further shareholding disclosures from Mirae Asset and other institutional investors to understand any changes in ownership patterns at TeamLease Services. Future filings may also indicate whether Mirae Asset continues to trim its position or maintains its remaining stake.
Disclaimer
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