Open Market Through Stock Exchange | ₹65.00 Crores | Listing at BSE, NSE | Thu, Jul 29, 2021 - Fri, Jan 28, 2022
Tanla Platforms Ltd. Buyback is a tender offer for the repurchase of up to equity shares at a buyback price of ₹1260 per share with a face value of ₹1 per share, aggregating to ₹65.00 crores.
The buyback opens on Jul 29, 2021 and closes on Jan 28, 2022.
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
Thu, Jul 29, 2021
Offer Closing Date
Fri, Jan 28, 2022
Buyback Price
₹1260 per share
Record Date
[.]
| Particulars | For the year/period ended (Rs. in Millions) | ||
|---|---|---|---|
| 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | |
| Total Income | 9,226.96 | 10,695.06 | 8,189.69 |
| Profit After Tax | 1,585.59 | (1,989.21) | 170.75 |
| Net Worth | 6,664.69 | 6,690.60 | 6,997.15 |
| Reserves and Surplus | 6,528.66 | 6,544.63 | 6,881.51 |
Tanla Platform Limited (formerly known as Tanla Solutions Limited) provides simple and easy cloud solutions. The company products include messaging, voice and, the Internet of Things (IoT).
With over two decades of experience, the company has achieved global leadership and has emerged as one of the largest Cloud Communication providers in the world. The company has its headquarters in Hyderabad, with subsidiaries and branch offices located in Singapore and Dubai.
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Jun-2021 | 927.00 | 735.00 | 834.80 |
| May-2021 | 968.00 | 852.55 | 882.09 |
| Apr-2021 | 986.65 | 821.55 | 906.72 |
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Jun-2021 | 927.70 | 735.00 | 835.30 |
| May-2021 | 968.80 | 852.90 | 882.67 |
| Apr-2021 | 985.55 | 821.60 | 905.63 |
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.
Tanla Platforms Ltd.
Tanla Technology Centre,
Hitec City Road,
Hyderabad – 500 081
Hyderabad, Telangana, 500081
Lead Manager(s)
Registered Broker
The Tanla Platforms Buyback opens on July 29, 2021, and closes on January 28, 2022.
The Tanla Platforms Buyback is a Open Market Through Stock Exchange.
Tanla Platforms Buyback Schedule
| Buyback Opening Date | July 29, 2021 |
| Buyback Closing Date | January 28, 2022 |
| Last date for acceptance of shares | Upon relevant pay-out by the Stock exchange |
The Tanla Platforms Buyback is being offered at Rs ₹1260 per share.
There is no ratio applicable in case of open market offer through stock exchange mechanism.
The Tanla Platforms Buyback has announced a buyback for an aggregate amount of not more than Rs. ₹65.00 Crores with pricing of Rs. ₹1260 per share.
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.
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.
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.
