Tanla Platforms Limited has informed the Exchange that Record date for the purpose of Buyback is 23-Jul-2025.
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Tanla Platforms has fixed Wednesday, July 23, 2025 as the record date for its proposed share buyback. The company plans to buy back up to 20 lakh fully paid-up equity shares of face value ₹1 each at a price of ₹875 per share. The total buyback outlay will not exceed ₹175 crore and will be carried out on a proportionate basis through the tender offer route. Shareholders holding shares as of the record date will be eligible to participate and receive the letter of offer. The buyback was approved by the Board on June 16, 2025 and by shareholders on July 17, 2025.
The buyback signals management's confidence in the company's valuation and returns cash to shareholders. The ₹875 buyback price acts as a near-term reference for the stock, and eligible investors who tender shares can realise value at that level. It may also tighten the float and provide modest price support.