Tanla Platforms Limited has informed the Exchange about Newspaper Publication w.r.t dispatch of Letter of Offer
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 informed the stock exchanges that it published a newspaper advertisement on July 28, 2025, confirming the dispatch of the Letter of Offer for its share buyback. The company is buying back up to 20 lakh (2 million) fully paid-up equity shares at INR 875 per share, for an aggregate amount not exceeding INR 175 crore, through a proportionate tender offer process. The buyback opens on Tuesday, July 29, 2025, and closes on Monday, August 4, 2025. The entitlement ratio is 10 shares for every 36 shares held on the record date, for both small shareholders (reserved category) and the general category. Eligible shareholders have been provided a link in the advertisement to check their individual buyback entitlement.
Eligible shareholders can now participate in the buyback between July 29 and August 4, 2025, by tendering their shares at INR 875 per share. The buyback price is at a premium to market levels and supports the stock price in the near term.