ICICI Venture Partially Exits TeamLease via INR1 Billion Share Sale (Asia)

Source: Asian Venture Capital Journal  |  Author(s): Holden Mann

India-focused private equity fund manager ICICI Venture has completed a partial exit of National Stock Exchange-listed recruitment and human resources company TeamLease, selling a block of 910,000 shares for INR1 billion (approximately US$15 million). ICICI Venture originally invested in TeamLease through India Advantage Fund Series 3. After the share sale, ICICI Venture continues to hold around 112,000 shares in TeamLease.