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TeamLease Services completes acquisition of eCentric
Apr-22-2019

TeamLease Services through its wholly owned subsidiary TL Digital has completed the acquisition of IT Staffing vertical of eCentric, by way of business transfer/ slump sale arrangement.

As per the Business Transfer Agreement entered into two companies, the first tranche of consideration is payable to eCentric upon meeting the conditions precedent to acquisition. The aforesaid first tranche has been transferred on April 20, 2019 to eCentric, pursuant to which the IT Staffing vertical of eCentric now stands acquired by the company.

TeamLease Services is one of India’s leading providers of human resource services with a vision of Putting India to Work. The Employment services include staffing solutions, recruitment services and compliance services.

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