Tender Offer | ₹170.00 Crores | Listed at BSE, NSE | Tue, Dec 20, 2022 - Mon, Jan 2, 2023
Tanla Platforms Ltd. Buyback is a tender offer for the repurchase of up to 0.14 crore equity shares at a buyback price of ₹1200 per share with a face value of ₹1 per share, aggregating to ₹170.00 crores.
The record date for determining eligible shareholders is Oct 25, 2022. Shareholders holding equity shares as on the record date are eligible to participate in the buyback.
The buyback opens on Dec 20, 2022 and closes on Jan 2, 2023, with the last date for receipt of tender forms being Jan 2, 2023.
The finalisation of buyback acceptance is expected on Jan 10, 2023, followed by settlement of bids on Jan 11, 2023.
HDFC Bank Ltd. is the Manager to the Buyback and Kfin Technologies Ltd. is the Registrar and HDFC Securities Limited is the Registered Broker to the Buyback.
Investors are advised to refer to the Tanla Platforms Ltd. Letter of Offer for detailed information, including eligibility criteria, entitlement ratio, acceptance methodology, and tax implications.
Offer Opening Date
Tue, Dec 20, 2022
Offer Closing Date
Mon, Jan 2, 2023
Buyback Price
₹1200 per share
Record Date
October 25, 2022
| Category | Entitlement Ratio of Buyback |
|---|---|
| Reserved Category for Small Shareholders | 17 Equity Share out of every 625 Fully paid-up Equity Shares held on the Record Date. |
| General Category for all other Eligible Shareholders | 11 Equity Shares out of every 1169 Fully paid-up Equity Shares held on the Record Date. |
| Period Ended | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus |
|---|---|---|---|---|
| 31-Mar-20 | 1955.2 | -211.17 | 701.73 | 687.14 |
| 31-Mar-21 | 2363.4 | 356.14 | 893.1 | 879.5 |
| 31-Mar-22 | 3222.1 | 539.28 | 1354.04 | 1340.47 |
| Amount in ₹ Crore | ||||
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Apr-2022 | 1,638.20 | 1,402.80 | 1,501.19 |
| May-2022 | 1,503.65 | 1,144.00 | 1,278.79 |
| Jun-2022 | 1,447.00 | 938.50 | 1,155.91 |
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Apr-2022 | 893.80 | 710.20 | 779.44 |
| May-2022 | 825.00 | 684.00 | 736.80 |
| Jun-2022 | 1,025.00 | 584.50 | 915.73 |
The Buyback is being undertaken for the following reasons:
Tanla Platforms Ltd.
Tanla Technology Center,
Hi-tech city Road, Madhapur,
500081, Hyderabad
Hyderabad, Telangana, 500081
Lead Manager(s)
Registered Broker
The Tanla Platforms Buyback 2022 opens on December 20, 2022, and closes on January 2, 2023.
The Tanla Platforms Buyback 2022 last day to buy is not available as of now.
The Tanla Platforms Buyback 2022 is a Tender Offer.
Tanla Platforms Buyback 2022 Schedule
| Buyback Opening Date | December 20, 2022 |
| Buyback Closing Date | January 2, 2023 |
| Last Date for receipt of Tender Forms | January 2, 2023 |
| Finalisation of Buyback Acceptance | January 10, 2023 |
| Last Date for settlment of bids | January 11, 2023 |
| Last Date for Extinguishment of Shares | January 18, 2023 |
The Tanla Platforms Buyback 2022 is being offered at Rs ₹1200 per share.
| Category | Entitlement Ratio of Buyback |
|---|---|
| Reserved Category for Small Shareholders | 17 Equity Share out of every 625 Fully paid-up Equity Shares held on the Record Date. |
| General Category for all other Eligible Shareholders | 11 Equity Shares out of every 1169 Fully paid-up Equity Shares held on the Record Date. |
The issue size of Tanla Platforms Buyback 2022 is 14,16,667 equity shares at ₹1200 per share aggregating up to ₹170.00 Crores.
The Buyback is being undertaken for the following reasons:
All the eligible Shareholders of the Company holding either Physical Shares or Demat Shares as on the Record Date can participate in the buyback offer through their Stock Broker.
The eligible shareholder holding the shares in Demat form needs to inform their broker the details of the Equity shares they wish to tender in the Buyback Offer. The shareholder needs to transfer the tendered shares to a Special account of the clearing corporation. The broker, in turn, would place an order on the stock exchange for the buyback.
The eligible shareholder holding the shares in physical form needs to approach their broker with original share certificates and supporting documents. Upon completion of document verification, the broker places an order on the stock exchange and submits the original share certificate and TRS to the registrar.
The tender form and TRS are optional in the case of Demat shares but mandatory in the case of physical shares.
The Tanla Platforms Buyback 2022 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.
