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TeamLease cancels 14.87 lakh shares after completing ₹238 crore buyback

TeamLease has completed its share buyback and extinguished 14.87 lakh shares, cutting total outstanding shares from 1676.89 lakh to 1528.14 lakh. The move is part of the capital return plan disclosed with its Q1FY27 results, when net profit rose 38% year on year to ₹34 crore. After the buyback, promoter ownership increased to 33.29% and foreign investor holdings climbed to 66.71%.