Team Lease Services to acquire 40% stake in Schoolguru

Deal expected to close in November 2017

Team Lease Services has signed definitive agreements to acquire initially 40% stake in School Guru Eduserve (Schoolguru), an Online Learning company that works with 18 Universities. The transaction remains subject to customary closing conditions and regulatory approvals and is expected to close before the end of November 2017. Schoolguru will continue to operate as a separate and independent entity.

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