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Jul 29, 2021 - Jan 28, 2022

Tanla Platforms Limited Buyback (Tanla Platforms Buyback) Detail

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.

Tanla Platforms Buyback Detail

Issue PeriodJul 29, 2021 - Jan 28, 2022
Security NameTanla Platforms Limited
Issue TypeOpen Market Through Stock Exchange
Issue Size (Amount)₹65.00 Crores
Buyback Price₹1260 per share
Face Value₹1 per share
Listing AtBSE, NSE

Company Financials

Summary of financial Information (standalone)
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

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Jun-2021 927 735 834.8
May-2021 968 852.55 882.09
Apr-2021 986.65 821.55 906.72

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Jun-2021 927.7 735 835.3
May-2021 968.8 852.9 882.67
Apr-2021 985.55 821.6 905.63

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.

Tanla Platforms Buyback Documents

Tanla Platforms Buyback Rating

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Rating:Rated 3.5 stars

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Company Contact Information

Tanla Platforms Limited
Tanla Technology Centre,
Hitec City Road,
Hyderabad – 500 081

Phone: +91 40 4009 9999
Email: investorhelp@tanla.com
Website: https://www.tanla.com/

Tanla Platforms Buyback Registrar

  1. KFintech Private Limited
       KFintech, Tower-B, Plot No 31 & 32,
       Financial District, Nanakramguda, Gachibowli,
       Hyderabad, Telangana India - 500 032.

    Phone: 04067162222, 04079611000
    Email: einward.ris@kfintech.com
    Website: https://karisma.kfintech.com/

Tanla Platforms Buyback Manager

Lead Manager(s)

  1. HDFC Bank Limited

Registered Broker

  1. HDFC Securities Limited
    Email: compliance@hdfc.com

Find Tanla Platforms Buyback Latest Update

Tanla Platforms Buyback FAQs

The Tanla Platforms Buyback opens on Jul 29, 2021, and closes on Jan 28, 2022.

The Tanla Platforms Buyback is a Open Market Through Stock Exchange.

Tanla Platforms Buyback Schedule

Buyback Opening DateJul 29, 2021
Buyback Closing DateJan 28, 2022
Last date for acceptance of sharesUpon relevant pay-out by the Stock exchange

The Tanla Platforms Buyback is being offered at Rs ₹1260 per share per equity share.

There is no ratio applicable in case of open market offer through stock exchange mechanism.

There is no concept of record date in case of open market 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.


1 Comments

1. mentor ipo  Aug 16, 2021 15:16 I Like It. | Report Abuse Reply
Dear Experts,
Pl. suggest whether it is advisable to consider BuyBack ?
What are the chances of acceptance.