Tanla Platforms Limited has informed the Exchange about Special Resolution passed by the shareholders of Tanla Platforms Limited ('the Company') through postal ballot (by remote e-voting) for buyback of equity shares
TANLA · price
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Awaiting price reaction for this filing.
Tanla Platforms' shareholders have approved, through a postal ballot, the company's proposal to buy back up to 20 lakh (20,00,000) fully paid-up equity shares of face value INR 1 each at INR 875 per share. The total cash outflow will not exceed INR 175 crore (excluding taxes and other transaction costs), which represents about 1.49% of the company's total paid-up equity capital. The buyback price offers a premium of around 40.5% over the closing price on NSE and BSE on June 11, 2025 (the intimation date), and an even higher premium of roughly 67% over the 3-month volume-weighted average price. The buyback will be done through the tender offer route on a proportionate basis, with 15% of the shares reserved for small shareholders. Promoters and promoter group have stated they will not participate, and the company will fund the buyback entirely from free reserves with no borrowed money.
This is a shareholder-friendly move — a buyback at a 40%+ premium effectively returns surplus cash to investors and should support the stock price in the short term. Eligible shareholders can tender shares for cash at INR 875 or hold on to benefit from a higher ownership percentage post-buyback, as promoters are opting out.