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Tanla Platforms Buyback FAQ's

Tanla Platforms Buyback Detail
Buyback Record Date
Buyback Open Date July 29, 2021
Buyback Closing Date January 28, 2022
Issue Size (Amount) ₹65.00 Crores
Buyback Price ₹1260 per Share

Tanla Platforms Buyback Date & Price FAQs

The Tanla Platforms Buyback price is set at Rs 1260 Per Share. The Tanla Platforms Buyback opens on July 29, 2021 and closes on January 28, 2022.

There is no concept of Tender form in case of an open market offer through the Stock exchange. Any equity shareholder holding the Equity shares of Tanla Platforms Buyback can participate in the buyback offer through their stockbroker.

The Public Announcement for Tanla Platforms Buyback can be download here.

Any equity shareholder holding the shares in Demat form can participate in the buyback offer through their stockbroker. The physical shareholder can participate only once the shares get converted into a Dematerialized form.

The shareholder needs to inform their broker on the details of the Equity shares they wish to sell. The broker will place a sell order whenever the company places a buy order for the buyback. The trade would get executed at the offer price or lesser only when the price offered by the shareholder matches with the buy order placed by the company.

Necessity of the Issue:

The Buyback aims to :
i) Return surplus cash to the shareholders.
ii) Improve Return on Equity and Earnings per share and thereby enhance shareholder value in the long term.

The Tanla Platforms Buyback offers an opportunity for the shareholders to exit their positions at a premium price. In case you stay invested you would have an increased percentage of shareholding in the company and improved earnings per share. Thus, one should understand the company fundamentals along with one’s need, goals, and risk appetite to decide if one wants to stay invested or participate in the buyback offer.