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). Tanla Platforms Limited is one of the largest Cloud Communication providers in the world.
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 Solutions Ltd. Stock Quote & Charts
736.2
-4.80 (-0.65%)
- Open: 744
- High – Low: 749.9 – 732.55
- Previous Close: 741
- Total Traded Value: 159119
- Updated On: 12/19/2022 4:00 PM
Tanla Platforms Buyback 2022 Detail
| Issue Period | Dec 20, 2022 – Jan 2, 2023 |
| Security Name | Tanla Platforms Limited |
| Issue Type | Tender Offer |
| Issue Size (Shares) | 1,416,667.00 |
| Issue Size (Amount) | ₹170.00 Crores |
| Buyback Price | ₹1200 per share |
| Face Value | ₹1 per share |
| Listing At | BSE, NSE |
Tanla Platforms Buyback 2022 Issue Timetable
| Offer Opens On | Dec 20, 2022 |
| Offer Closes On | Jan 2, 2023 |
| Record Date | Oct 25, 2022 |
| Last Date for receipt of Tender Forms | Jan 2, 2023 |
| Finalisation of Buyback Acceptance | Jan 10, 2023 |
| Last Date for settlment of bids | Jan 11, 2023 |
| Last Date for Extinguishment of Shares | Jan 18, 2023 |
Buyback Ratio
| 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. |
Company Financials
| 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 |
Stock price at BSE (in preceding 3 months)
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Apr-2022 | 1638.2 | 1402.8 | 1501.19 |
| May-2022 | 1503.65 | 1144 | 1278.79 |
| Jun-2022 | 1447 | 938.5 | 1155.91 |
Stock price at NSE (in preceding 3 months)
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Apr-2022 | 893.8 | 710.2 | 779.44 |
| May-2022 | 825 | 684 | 736.8 |
| Jun-2022 | 1025 | 584.5 | 915.73 |
Necessity of the Issue
The Buyback is being undertaken for the following reasons:
- The Buyback will help the Company to return surplus cash to its shareholders holding Equity Shares broadly in proportion to their shareholding, thereby, enhancing the overall return to shareholders.
- The Buyback may help in improving return on equity, by the reduction in the equity base, thereby leading to a long-term increase in shareholders’ value.
Tanla Platforms Buyback 2022 Documents
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Company Contact Information
Tanla Platforms Limited
Tanla Technology Center,
Hi-tech city Road, Madhapur,
500081, Hyderabad
Phone: 91-40-40099999
Email: info@tanla.com
Website: https://www.tanla.com/index.html