3 - 4 minutes readTanla Platforms Buyback 2022

Tanla Platforms Buyback Details: Tanla Platforms’ Board of Directors approved a proposal to buy back fully paid up equity shares of the Company with a face value of Rs 1 each for an aggregate amount of Rs 170 crore at its meeting on September 8, 2022.

Tanla Platforms Buyback

Tanla Platforms Buyback Date

The Tanla Platforms buyback to start from (To be announced) September 2022 and closes on (To be announced) September 2022. The Tanla Platforms face value is Rs. 1 and this buyback type of is Tender offer. Tanla Platforms buyback is going to list on BSE and NSE.

Tanla Platforms Buyback Price

Tanla Platforms Buyback Price is 1200 per share. The resultant equity shares to be purchased at the Buyback Offer Price are 14,16,666 equity shares, representing 1.04% of the total equity shares in the Company’s existing total paid-up equity share capital as well as total paid-up equity share capital as of 31 March 2022.

Tanla Platforms Buyback Offer Details

Security NameTanla Platforms Limited
Buyback TypeTender Offer
Offer Opens On(To be announced) 2022
Offer Closes On(To be announced) 2022
Issue Size (Amount)Rs 170 Crores
Issue Size (Shares)0.14 Crores
Listing AtBSE, NSE
Buyback PriceRs. 1200 Per Equity Share
Face ValueRs. 1 Per Equity Share

About Tanla Platforms Buyback

Tanla Platform Limited (previously Tanla Solutions Limited) offers simple and straightforward cloud solutions. Among the company’s products are messaging, voice, and the Internet of Things (IoT). Tanla Platforms Limited is one of the world’s largest Cloud Communication providers.

With over two decades of experience, the company has risen to global prominence and emerged as one of the world’s largest Cloud Communication providers. The company’s headquarters are in Hyderabad, and it has subsidiaries and branch offices in Singapore and Dubai.


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Tanla Platforms Buyback FAQs

When is Tanla Platforms Buyback 2022 offer coming?

The Tanla Platforms Buyback 2022 open and close dates are not available as of now.

Which type of buyback is Tanla Platforms Buyback 2022 offer?

The Tanla Platforms Buyback 2022 is a Tender Offer.

What is the offer price for Tanla Platforms Buyback 2022 offer?

The Tanla Platforms Buyback 2022 is being offered at Rs ₹1200 per share per equity share.

What is the record date for Tanla Platforms Buyback 2022 offer?

The Tanla Platforms Buyback 2022 record date is not yet declared.

The Tanla Platforms Buyback 2022 record date is not yet declared.

The issue size of Tanla Platforms Buyback 2022 is of 0.14 Crores equity shares at ₹1200 per share aggregating upto ₹170.00 Crores.

What is the necessity for Tanla Platforms Buyback 2022?

The necessity for Tanla Platforms Buyback 2022 is not yet declared.

Where can I get the Letter of Offer for Tanla Platforms Buyback 2022?

The Letter of Offer for Tanla Platforms Buyback 2022.

How to participate in Tanla Platforms Buyback 2022?

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.

Is Tanla Platforms Buyback 2022 good or bad?

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.