Capital Trade Links Ltd completes acquisition of 15% stake in Big Tree Resource Management Pvt Ltd

Capital Trade Links Limited ("CTL"), has announced the successful completion of its acquisition of a 15% stake in Big Tree Resource Management Private Limited ("Big Tree").

Big Tree, one of the pioneering and leading-edge process-oriented staffing company, is a Gurgaon based start-up, revolutionizing in the human resources landscape with its innovative tech-based solutions to companies and corporates in India. Big Tree has meticulously curated a wide-ranging portfolio through a robust selection of HR services such as Recruitment process Outsourcing (RPO), Payroll and compliance Management, Professional Recruitment, General Staffing Solutions, Managed Services Programs (MSP), Skilling and Development, Recruitment Performance Management, 360-degree assessments, HR automation, Statutory Management and HR Advisory. Big Tree enhances client efficiency by optimizing their workforce potential and delivering the right talent to meet their needs.

Big Tree provides a comprehensive solution to all HR related challenges, catering to the needs of multiple sectors and corporates in the HR and staffing domain. The company offers a full spectrum of HR services, managing the entire lifecycle of employees within an organisation. With an extensive recruitment team of over 100 recruiters and a network of more than 500 Big Tree Partners (BTPs) nationwide, Big Tree offers robust staffing solutions. It has a diverse Client Base of more than 100 clients and a wide deployment reach with 500 deployment locations across 17 states. It uses AI based advance technology to screen the appropriate candidates for its clients. Currently, it maintains a substantial database of over 5,500,000 resumes.

Mr. Krishan Kumar, Chairman of Capital Trade Links Limited: "We are delighted to announce the successful completion of our acquisition of 15% stake in Big Tree Resource Management Private Limited. This investment is aimed at enhancing the capital efficiency and diversifying our Investment Portfolio. Big tree is a specialized leading player in HR & Staffing, operating since 2019. It has built a meaningful and deep-rooted relationships with its clients. We would like to acknowledge the combined efforts of both the Big Tree and CTL teams for their collaborative approach, which were pivotal to the successful closure of this deal."

Shares of Capital Trade Links Ltd was last trading in BSE at Rs. 50.54 as compared to the previous close of Rs. 48.14. The total number of shares traded during the day was 31297 in over 118 trades.

The stock hit an intraday high of Rs. 50.54 and intraday low of 48.01. The net turnover during the day was Rs. 1580520.00.

Source : Equity Bulls

Keywords

CapitalTradeLinks INE172D01021 Acquisition Completion BigTreeResourceManagement