“TeamLease will acquire ASAP Info Systems for an enterprise value of Rs.67 crore through its wholly owned subsidiary, TeamLease Staffing Services Private Ltd. New Delhi: Leading staffing company TeamLease Services Ltd on Monday said it has acquired Bengaluru-based ASAP Info Systems Pvt. ASAP Info Systems had a revenue of approximately Rs.63 crore with an Ebitda (earnings before interest, taxes, depreciation and amortization) of Rs.11 crore last fiscal year. The TeamLease stock was trading at Rs.1,108 at 11.42am on the National Stock Exchange on Monday, up 2.35% from its previous close. “This transaction creates an opening balance for TeamLease to build an IT staffing business.

Source: Mint July 04, 2016 06:45 UTC