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 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 Name||Tanla Platforms Limited|
|Buyback Type||Tender 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 At||BSE, NSE|
|Buyback Price||Rs. 1200 Per Equity Share|
|Face Value||Rs. 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.
You may also read this: What is BuyBack of Share?