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December 20, 2022 - January 2, 2023

Tanla Platforms Limited Buyback (Tanla Platforms Buyback 2022) Detail

Tanla Platform Limited (formerly known as Tanla Solutions Limited) provides simple and easy cloud solutions. The company products include messaging, voice and, the Internet of Things (IoT). Tanla Platforms Limited is one of the largest Cloud Communication providers in the world.

With over two decades of experience, the company has achieved global leadership and has emerged as one of the largest Cloud Communication providers in the world. The company has its headquarters in Hyderabad, with subsidiaries and branch offices located in Singapore and Dubai.

Tanla Platforms Buyback 2022 Detail

Issue PeriodDecember 20, 2022 - January 2, 2023
Security NameTanla Platforms Limited
Issue TypeTender Offer
Issue Size (Shares)1,416,667
Issue Size (Amount)₹170.00 Crores
Buyback Price₹1200 per share
Face Value₹1 per share
Listing AtBSE, NSE

Tanla Platforms Buyback 2022 Issue Timetable

Record DateOctober 25, 2022
Offer Opens OnDecember 20, 2022
Last Date for receipt of Tender FormsJanuary 2, 2023
Offer Closes On *January 2, 2023
Finalisation of Buyback AcceptanceJanuary 10, 2023
Last Date for settlment of bidsJanuary 11, 2023
Last Date for Extinguishment of SharesJanuary 18, 2023

Buyback Ratio

Category Entitlement Ratio of Buyback
Reserved Category for Small Shareholders 17 Equity Share out of every 625 Fully paid-up Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders 11 Equity Shares out of every 1169 Fully paid-up Equity Shares held on the Record Date.

Company Financials

Tanla Platforms Limited Financial Information (Restated)
Period EndedTotal RevenueProfit After TaxNet WorthReserves and Surplus
31-Mar-201955.2-211.17701.73687.14
31-Mar-212363.4356.14893.1879.5
31-Mar-223222.1539.281354.041340.47
Amount in ₹ Crore

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Apr-2022 1,638.20 1,402.80 1,501.19
May-2022 1,503.65 1,144.00 1,278.79
Jun-2022 1,447.00 938.50 1,155.91

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Apr-2022 893.80 710.20 779.44
May-2022 825.00 684.00 736.80
Jun-2022 1,025.00 584.50 915.73

Necessity of the Issue

The Buyback is being undertaken for the following reasons:

  1. The Buyback will help the Company to return surplus cash to its shareholders holding Equity Shares broadly in proportion to their shareholding, thereby, enhancing the overall return to shareholders.
  2. The Buyback may help in improving return on equity, by the reduction in the equity base, thereby leading to a long-term increase in shareholders' value.

Tanla Platforms Buyback 2022 Documents

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Company Contact Information

Tanla Platforms Limited
Tanla Technology Center,
Hi-tech city Road, Madhapur,
500081, Hyderabad

Phone: 91-40-40099999
Email: info@tanla.com
Website: https://www.tanla.com/index.html

Tanla Platforms Buyback 2022 Registrar

  1. Kfin Technologies Limited
       KFintech, Tower-B, Plot No 31 & 32,
       Financial District, Nanakramguda, Gachibowli,
       Hyderabad, Telangana India - 500 032.

    Phone: 04067162222, 04079611000
    Email: tpl.buyback@kfintech.com
    Website: https://kosmic.kfintech.com/ipostatus/

Tanla Platforms Buyback 2022 Manager

Lead Manager(s)

  1. Hdfc Bank Limited

Registered Broker

  1. HDFC Securities Limited
    Email: sharmila.kambli@hdfcsec.com

Find Tanla Platforms Buyback 2022 Latest Update

Tanla Platforms Buyback 2022 FAQs

The Tanla Platforms Buyback 2022 opens on December 20, 2022, and closes on January 2, 2023.

The Tanla Platforms Buyback 2022 last day to buy is not available as of now.

The Tanla Platforms Buyback 2022 is a Tender Offer.

Tanla Platforms Buyback 2022 Schedule

Buyback Opening DateDecember 20, 2022
Buyback Closing DateJanuary 2, 2023
Last Date for receipt of Tender FormsJanuary 2, 2023
Finalisation of Buyback AcceptanceJanuary 10, 2023
Last Date for settlment of bidsJanuary 11, 2023
Last Date for Extinguishment of SharesJanuary 18, 2023

The Tanla Platforms Buyback 2022 is being offered at Rs ₹1200 per share per equity share.

Category Entitlement Ratio of Buyback
Reserved Category for Small Shareholders 17 Equity Share out of every 625 Fully paid-up Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders 11 Equity Shares out of every 1169 Fully paid-up Equity Shares held on the Record Date.

The record date for the Tanla Platforms Buyback 2022 is October 25, 2022.

The issue size of Tanla Platforms Buyback 2022 is of 1,416,667 equity shares at ₹1200 per share aggregating upto ₹170.00 Crores.

The Buyback is being undertaken for the following reasons:

  1. The Buyback will help the Company to return surplus cash to its shareholders holding Equity Shares broadly in proportion to their shareholding, thereby, enhancing the overall return to shareholders.
  2. The Buyback may help in improving return on equity, by the reduction in the equity base, thereby leading to a long-term increase in shareholders' value.

All the eligible Shareholders of the Company holding either Physical Shares or Demat Shares as on the Record Date can participate in the buyback offer through their Stock Broker.

The eligible shareholder holding the shares in Demat form needs to inform their broker the details of the Equity shares they wish to tender in the Buyback Offer. The shareholder needs to transfer the tendered shares to a Special account of the clearing corporation. The broker, in turn, would place an order on the stock exchange for the buyback.

The eligible shareholder holding the shares in physical form needs to approach their broker with original share certificates and supporting documents. Upon completion of document verification, the broker places an order on the stock exchange and submits the original share certificate and TRS to the registrar.

The tender form and TRS are optional in the case of Demat shares but mandatory in the case of physical shares.

The Tanla Platforms Buyback 2022 offers an opportunity for the shareholders to exit their positions at a premium price. In case you stay invested you would have an increased percentage of shareholding in the company and improved earnings per share. Thus, one should understand the company fundamentals along with one's need, goals, and risk appetite to decide if one wants to stay invested or participate in the buyback offer.


11 Comments

11. ColdBurger     Link|September 15, 2022 10:11:54 PM
Only if available at 700 approx. then can consider.
11.9. Team Chittorgarh.com   I Like It. 1|  Link|November 15, 2022 7:36:18 PM
@Kdb,
Thank you for your kind feedback. We are glad to help.

@KAMMA SIVA RAMA KRISHNA,
Thank you for your kind words.
11.10. tejas     Link|January 18, 2023 1:58:51 PM
8 Share debited from account but money not credited to account till date what to do?
10. KAMMA SIVA RAMA KRISHNA     Link|October 21, 2022 8:32:19 PM
Particulars of the buyback of the shares of Garware Technical Fibres:

Buyback Price: Rs.3750/-
Buyback Size: 2,40,000 shares
Buyback Mode: Tender Offer Route
CMP: Rs. 3461.50
Record Date: 04/11/2022
All the best to all of you. Thank you.
10.19. KAMMA SIVARAMAKRISHNA     Link|January 14, 2023 9:31:21 PM
Please update the position. I believe that you have already received the amount.
10.20. Arvindaarvind     Link|January 14, 2023 9:58:07 PM
Sir after mailing to broker
They have put money to my dp account not in bank account
9. Purushotham rao s     Link|October 26, 2022 8:20:55 AM
If bought on muhurat trading(24th) is it eligible to buyback(record date25th)?
9.1. as     Link|October 26, 2022 12:58:31 PM
yeees
9.2. Papan     Link|October 31, 2022 8:15:14 PM
Not eligible
8. Auto pursa     Link|October 26, 2022 8:23:41 AM
If purchased on muhurat trading (24) is it eligible for buyback
7. Shah     Link|October 20, 2022 11:59:39 AM
dear admin plz clarify, if today i will purchase thn it will be eligible for buy back ?
6. Tapas Samanta     Link|October 17, 2022 8:16:17 PM
Yes sure only 50 share buyback.
5. Gaurav Kashyap     Link|October 13, 2022 11:12:16 AM
What's the date for participating in tanla platforms buypack
5.1. Rajesh Kumar     Link|October 14, 2022 9:08:09 AM
Before 24 oct
4. Hari❤️     Link|October 13, 2022 9:57:26 PM
Can I buy one share and tender the share and participate in buyback ?
Anyone can clarify this ?
4.1. Rajesh Kumar     Link|October 14, 2022 9:06:40 AM
Yes sure,only one share confirm
3. Smile.     Link|October 12, 2022 10:25:17 PM
Record date for tanka is 25 oct.
2. Yogesh     Link|September 12, 2022 12:43:55 AM
Considering buyback is only about little more than 1% of total shares and price increased around 200 since announcement, also financial numbers for June being poor not worth to buy and participate at this stage
1. Mohsin     Link|September 8, 2022 8:51:20 PM
Tanla Platform buyback.
Price - 1200rs
Size : 170cr
Shares : 14,16,666 -
Tender Route.

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