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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On the reaction day the stock moved 9.8 pts more than Nifty Microcap 250 and 9.7 pts more than its Software Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Promoter D. Uday Kumar Reddy has disclosed the acquisition of 18,62,256 equity shares (1.38%) of Tanla Platforms Ltd, increasing his holding from 2,92,39,225 shares (21.72%) to 3,11,01,481 shares (23.10%). The transaction was completed on May 12, 2025. The company's total equity share capital remained unchanged at 13,46,17,359 shares of face value INR 1 each. No encumbrance or pledge details are associated with the acquisition. The disclosure was filed under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.
This is a positive signal for retail investors as a promoter increasing his stake shows confidence in the company's future. The promoter's voting rights rose to 23.10%, still well below any regulatory creeping acquisition threshold of 25%, leaving room for further incremental purchases.