India: Staffing firm TeamLease to raise around $73m via IPO

India: Staffing firm TeamLease to raise around $73m via IPO

Equity markets are not looking promising at the moment and initial public offerings (IPOs) that listed last year are in the red. But that hasn’t stopped companies such as staffing firm TeamLease Services Ltd from going in for an IPO. The company has announced plans to raise Rs.450-500 crore through its IPO. Incorporated in 2000, the company offers human resources (HR) services, including flexi staffing or temporary staffing, and permanent recruitment. The promoter group holds close to 52% in the company.

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