Tanla Platforms Buyback 2022 description – Tanla Platform Limited (formerly known as Tanla Solutions Limited) provides cloud solutions. The company’s 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 Share Buyback 2022 Details
| Buyback Dates | 20 Dec 2022 – 2 Jan 2023 |
| Tanla Platforms Buyback Price | INR 1,200 per share |
| Buyback Offer Size (Shares) | 14,16,666 shares |
| Buyback offer as % of total shares | 1.04% |
| Buyback Offer Size (Amount) | INR 170 crore |
| Offer Type | Tender |
| Promoter Participation | Yes |
| Face Value | INR 1 per share |
| Listing At | BSE, NSE |
Tanla Platforms Buyback Dates (Timeline)
| Board Meeting for Buyback Proposal | 8 September 2022 |
| Buyback Approval Date | 8 September 2022 |
| Public Announcement of Buyback | 13 October 2022 |
| Tanla Platforms Buyback Record Date | 25 October 2022 |
| Buyback Opening Date | 20 December 2022 |
| Buyback Closing Date | 2 January 2023 |
| Cut-off Date to receive completed tender forms by Registrar | 2 January 2023 |
| Verification Date by the Registrar | 2 January 2023 |
| Return of unaccepted shares by Registrar | 11 January 2023 |
| Extinguishment of accepted shares | 18 January 2023 |
Tanla Platforms Buyback 2022 Documents
Letter of Offer
Draft Letter of Offer
Public Announcement
Board Approval
Upcoming Share Buyback
Tanla Platforms Buyback Entitlement Ratio
| Shareholder Category | Entitlement Ratio | Entitlement Ratio (in %) |
| Small Shareholders (less than INR2 Lakh on record date) | 17/625 | 2.72 |
| General category (for all other Eligible Shareholders) | 11/1169 | 0.94 |
Small Shareholder is defined as shareholder who holds shares worth less than INR2,00,000 as on record date.
Tanla Platforms Ltd’s Financial Performance
| FY2020 | FY2021 | FY2022 | |
| Total Income | 1,069.51 | 922.70 | 1,274.19 |
| Total Expenses | 988.61 | 719.11 | 1,113.91 |
| Net income | (198.92) | 158.56 | 118.68 |
Calculation of Investment in Buyback
| Maximum market value of a share holder as on record date | INR 2,00,000 |
| Buyback price per share | INR 1,200 |
| Maximum shares for small shareholder (2,00,000/1,200) | 167 shares * |
| Closing price of stock as on 8 Sep 2022 | INR 834.35** |
| Maximum amount invested in buyback ( shares) | INR 1,39,336 |
** For simplicity, we have considered price on buyback approval date
Tanla Platforms Buyback Profit Guidance
| Shares Tendered | Buyback Entitlement | Acceptance | Buyback Profit | Profit in % |
| 167 | 5 | 5 (100%) | 1,828 | 1.31 |
| 167 | 5 | 10 (200%) | 3,657 | 2.62 |
| 167 | 5 | 15 (300%) | 5,485 | 3.94 |
Registrar of Tanla Platforms Buyback 2022
KFIN TECHNOLOGIES LIMITED
Selenium Tower – B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana
Phone: +91 40 6716 2222
E-mail:[email protected]
Website: www.kfintech.com
Manager of Tanla Platforms Buyback 2022
HDFC BANK LIMITED
Investment Banking Group,
Unit No. 401 & 402, 4th Floor, Tower B,
Peninsula Business Park, Lower Parel,
Mumbai 400 013
Phone: +91 22 3395 8233
E-mail: [email protected]
Website: www.hdfcbank.com
Process to Participate in Tanla Platforms Buyback
All eligible shareholders of the company who own shares in the physical or demat form on the record date may participate in the buyback offer through their stock broker. The eligible shareholders who hold the shares in demat form must notify their brokers of the details of the equity shares that they wish to tender in the buyback offer.
The shareholder must transfer the tendered shares to the clearing corporation’s Special account. In turn, the broker would place a buyback order on the stock exchange.
The eligible shareholders who own the shares in physical form must present their broker with the original share certificates and supporting documents. After document verification is complete, the broker places an order on the stock exchange and submits the original share certificate and TRS (Transaction Registration Slip) to the registrar.
Frequently Asked Questions
When does Tanla Platforms share buyback offer open?
Tanla Platforms share buyback opens on 20 December 2022 and closes on 2 January 2023.
Which type of buyback is Tanla Platforms buyback offer?
Tanla Platforms buyback is a tender offer.
What is Tanla Platforms buyback price?
Tanla Platforms buyback price is INR 1,200 per share.
What is Tanla Platforms buyback record date?
Tanla Platforms buyback record date is 25 October 2022.
Tanla platforms tendaring date ??