Tanla Platforms Limited has informed the Exchange about Copy of Newspaper Publication
TANLA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Tanla Platforms has published the public announcement for its share buyback across multiple newspapers (English, Hindi, Telugu, Gujarati, and Kannada editions) on July 21, 2025. The company will buy back up to 20 lakh (2 million) fully paid-up equity shares of face value INR 1 each at a price of INR 875 per share, for an aggregate amount not exceeding INR 175 crore. The buyback will be done on a proportionate basis through the tender offer route using the stock exchange mechanism. The buyback was first approved by the Board on June 16, 2025, and subsequently by shareholders on July 17, 2025. The record date has been set as July 25, 2025. Kotak Mahindra Capital Company is acting as the manager to the buyback, and KFin Technologies is the registrar. The buyback size represents about 2.49% of paid-up capital and free reserves and will be funded from free reserves.
The INR 875 per share buyback price offers a premium to recent market prices (around 7-8% above recent closing prices on NSE/BSE), providing eligible shareholders a good opportunity to tender shares. Promoters collectively hold 45.49% and have indicated intent to participate, which is a positive signal of management confidence. The buyback is EPS-accretive and signals that the company views its shares as undervalued.