TeamLease Services block deal: Goldman Sachs sells shares worth Rs 17 crore in smallcap stock

Goldman Sachs holds stake in TeamLease Services via three funds, namely Goldman Sachs Funds – Goldman Sachs India Equity Portfolio, Goldman Sachs Funds – Goldman Sachs Emerging Markets Equity Portfolio and Goldman Sachs Trust – Goldman Sachs Emerging Markets Equity Fund.

Prior to today’s block deal Goldman Sachs held 3,46,430 equity shares representing 2.07% through Goldman Sachs India Equity Portfolio as on December 31, 2024.

The other funds held 1,92,497 shares (1.15%) and 1,69,800 shares (1.01%), respectively at the end of the December quarter.

Its holding in the January to March quarter will likely be updated on the BSE in April.

Also Read: Goldman Sachs sells entire stake worth Rs 95 crore in this smallcap stockTeamLease Services is a provider of human resource services in the organised segment, delivering a broad range of human resource services to various industries. Its services span the entire supply chain of human resources in India, covering aspects of employment, employability and education.The sell-off comes on the back of a lackluster performance by the stock so far in 2025, with the share price eroding by 32% on the year-to-date basis. In the last one year, the returns are down 33%.

TeamLease Services shares have underperformed Nifty both on a YTD and 1-year basis with latter’s returns standing at -5% in 2025 so far while gaining 2% over a 1 year period.

Also Read: Up to 28% fall in one month. Will US stagflation mean more bad news for Indian IT stocks?

On Tuesday, the shares of TeamLease Services closed at Rs 1975.45 on the BSE, gaining by Rs 18.60 or 1% over the Monday closing price. The current downturn has engineered a fall in the counter below its 50-day simple moving average (SMA) and 200-day SMA of Rs 2,555 and Rs 2,889, respectively.

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