Tanla Platforms Buyback 2022- Review and Details

Tanla Platforms Buyback  -The board of Tanla Platforms fixed Tuesday, 25 October 2022, as the record date for determining the names of shareholders eligible to participate in the proposed share buyback. The company announced last month that it plans to buyback shares at Rs 1,200 each for an aggregate amount not exceeding Rs 170 crore.2 days ago
About Tanla Platforms

Tanla Platforms Limited (formerly known as Tanla Solutions Limited) started Journey as the new millennium set in with a small group of mobile messaging experts, with a base in Hyderabad, India, to create a world-class messaging service.

From 2000 till now, They have come a long way. Today, They have achieved global leadership in Their domain as one of the largest Cloud Communication providers in the world.

Talna Platform are innovating the way world communicates, continuously raising the bar through enhanced speed, ease and simplicity of our Cloud solutions. Over the years, They have developed and delivered cutting-edge technology and products which meet the discerning needs of a diverse clientele, from enterprises to carriers across geographies.

The standards we have set are industry-defying, difficult to surpass even by us. But then, that’s what we do best, beating us at our own game.

Financial Details of Tanla Platforms

Particulars in Cr. Mar-16 Mar-17 Mar-18 Mar-19 Mar-20 Mar-21 Mar-22
Sales 432 579 792 1,004 1,943 2,341 3,206
Expenses 362 523 726 907 1,758 1,907 2,504
Operating Profit 70 56 66 97 184 435 702
OPM % 16% 10% 8% 10% 9% 19% 22%
Other Income -2 2 5 11 -36 22 16
Interest 1 0 0 0 7 2 3
Depreciation 53 20 57 73 378 40 41
Profit before tax 14 39 13 33 -237 415 674
Tax % 47% -5% -51% 11% 11% 14% 20%
Net Profit 7 41 19 30 -211 356 539
EPS in Rs 0.71 3.81 1.7 2.58 -14.47 26.18 39.73
Dividend Payout % 28% 7% 18% 14% 0% 8% 5%

Tanla Platforms Buy Back Offer Deal:

Buyback Type: Tender Offer
Buyback Record Date: Oct 25 2022
Buyback Offer Amount: ₹ 170 crore
Date of Board Meeting approving the proposal: Sep 08 2022
Date of Public Announcement: Sep 08 2022
Buyback Number of Shares: 14,16,666
Price Type: Tender Offer
FV: 1
Buyback Price: ₹ 1200 Per Equity Share

 

How to Participate In Tanla Platform Buyback 
1. Firstly, to be eligible for the buyback the investor should have shares of Tanla Platform Buyback 2022 in demat or physical form as on the record date [25.10.2022].
2. Once you have shares in demat, you can participate in the buyback process which is opening from [To be updated] by selling your shares through your broker on NSE or BSE.
3. Then on [To be updated], the payment will be given to you for accepted shares and unaccepted shares will be returned to your demat account.

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 Coming soon
Buyback Closing Date Coming soon
Cut-off Date to receive completed tender forms by Registrar Coming soon
Verification Date by the Registrar Coming soon
Return of unaccepted shares by Registrar Coming soon
Extinguishment of accepted shares Coming soon

 

Calculation of Investment in Tanla Platforms 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

 

Tanla Platforms Buy Back

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