Archive · 17 Jun 2025
Tanla Platforms Announces ₹175 Crore Share Buyback
Tanla Platforms, a company specializing in communications services, has decided to buy back its own shares.
They'll buy back shares worth up to ₹175 crore, which means they are purchasing up to 20 lakh shares from investors at a price of ₹875 per share.
This buyback represents a small percentage of the company's total shares.
Shareholders will need to approve this through voting.
Previously, the company conducted similar buybacks in 2020 and 2022.
Tanla Platforms' board approved a share buyback worth up to ₹175 crore.
The buyback involves up to 20 lakh shares, representing approximately 1.49% of total equity.
The buyback price is set at ₹875 per share, a 33% premium over the previous closing price.
The buyback will be conducted on a proportionate basis for eligible shareholders.
Shareholder approval will be sought through remote e-voting and a postal ballot.
- Who
- Tanla Platforms
- What
- Tanla Platforms approved a share buyback.
- When
- The board approved the buyback proposal on Monday.
- Where
- N/A
- Why
- The company is buying back shares.
Shareholder Actions
Analyst Suggestions
Investment strategy
Shareholder Actions
Recommend to apply for the buyback offer
Analyst Suggestions
Suggest waiting for the share price to increase before action
- Buyback Amount
- Up to ₹175 crore
- Buyback Price
- ₹875 per share
- Shares to be Bought Back
- Up to 20 lakh
- Percent of Equity
- Approximately 1.49%
- Buyback Premium
- 33% over the previous closing price
- Previous Buyback
- 2020 and 2022
Sources
This multibagger IT stock is high on share buyback today, check details
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