The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for D Uday Kumar Reddy
TANLA · price
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Tanla Platforms promoter D. Uday Kumar Reddy bought 18,62,256 shares of the company at ₹470.15 per share through a block deal on May 12, 2025, for an approximate total value of ₹87.55 crore. His stake in the company rose from 21.72% (2,92,39,225 shares) to 23.10% (3,11,01,481 shares), an increase of 1.38%. The disclosure was filed under SEBI SAST Regulation 29(2) to report the promoter group's increased holding. The total equity share capital of Tanla remains unchanged at 13,46,17,359 shares of face value ₹1 each.
This is a positive signal as it reflects promoter confidence in the company's prospects through a sizable open-market purchase. The promoter's rising stake to 23.10% strengthens insider alignment with minority shareholders, though the holding remains well below the 25% open-offer trigger threshold.