Staffing firm TeamLease Services today said it has completed the 40.2 per cent stake acquisition in online learning company Schoolguru Eduserve, a move that will accelerate TeamLease's employability strategy.Accordingly, Schoolguru Eduserve becomes an associate company of TeamLease Services from today.On November 8, TeamLease Services had announced the said stake acquisition in Schoolguru Eduserve for Rs 13.53 crore. "All conditions precedent to closing have been fulfilled and acquisition of 40.2 per cent stake is completed. The company partners 18 Indian universities to help them provide premium online and virtual courses for their students. It services 70,000 students.The company has a library of 45 undergraduate courses and 30 masters courses with a total of over 5,00,000 minutes of video content. Shares of the TeamLease Services were trading at Rs 2,215, up 0.12 per cent on BSE

Source: Economic Times December 01, 2017 07:41 UTC