Tanla Platforms Buyback 2021 was announced on 22 July 2021. The Tanla Platforms Buyback is to start from 29 July 2021 to 28 Jan 2022. The Company will do Buyback with equity of 5,15,873 Equity Shares around 25% of Face Value Rs. ₹1/ Each Fully paid off at a Price Of Rs. ₹1260/- Per Equity. The size of this Buyback is about ₹65 Crores. And this will be done through a Buyback Open Market.
Tanla Platforms Limited (formerly known as Tanla Solutions Limited) started our 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, we have come a long way. Today, we are proud to have achieved global leadership in our domain as one of the largest Cloud Communication providers in the world. We are innovating the way the world communicates, continuously raising the bar through enhanced speed, ease, and simplicity of our Cloud solutions.
|Read also:- Share Buyback List 2021|
Over the years, we 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.
Tanla Platforms Buyback 2021 Offer Details:
|Buyback Type||Open Market|
|Buyback Record Date||Open Market|
|Buyback Offer Amount||₹65 Cr|
|Date of Board Meeting approving the proposal||22 July 2021|
|Date of Public Announcement||24 July 2021|
|Buyback Offer Size||25%|
|Buyback Number of Shares||5,15,873|
|Price Type||Open market|
|Face Value||₹1/- Rs.|
|Buyback Price||₹1260/- per share.|
Tanla Platforms Buyback 2021 Important Dates
We have covered all important dates related to “Tanla Platforms Buyback 2021” Buyback Activity Dates are updated as they are announced.
|Board Meeting for Buyback proposal||22 July 2021|
|Buyback Approval date||22 July 2021|
|Public Announcement Date||24 July 2021|
|Buyback Record Date||open Market|
|Buyback Opening Date||29 July 2021|
|Buyback Closing Date||28 Jan 2022|
Details Of The Buyback Offer and Offer Price :
The Board of Directors of the Company (the “Board” which expression shall be deemed to include any committee constituted by the Board and/or officials, which the Board may constitute/authorize to exercise its powers, including the powers conferred by the board resolution), the Board at its meeting held on July 22, 2021 (“Board Meeting”), approved the buyback by the Company of its fully paid-up Equity Shares, each from its shareholders/beneficial owners (other than those who are promoters, members of the promoter group or persons in control), from the open market through stock exchange mechanism i.e., using the electronic trading facilities.
The stock exchanges where the Equity Shares of the Company are listed i.e., National Stock Exchange of India Limited (“NSE”) and BSE Limited (”BSE”) (collectively, “Stock Exchanges”), for an aggregate amount not exceeding INR 65,00,00,000/- (Indian Rupees Sixty Five Crore Only) (“Maximum Buyback Size”) excluding the Transaction Costs (as defined below), and at a price not exceeding INR 1,260/- (Indian Rupees One Thousand Two Hundred Sixty Only) per Equity Share (“Maximum Buyback Price”), payable in cash (the process is referred hereinafter as “Buyback”).
|Read also:- Stock Market Query|
The Maximum Buyback Size and Maximum Buyback Price do not include buyback tax, brokerage, costs, fees, turnover charges, taxes such as securities transaction tax, goods, and services tax (if any), income tax or any other applicable taxes, stamp duty, advisors fees, filing fees and other incidental and related expenses (collectively referred to as “Transaction Costs”).
The Maximum Buyback Size represents around 9.91% and 7.37% of the aggregate of the total paid-up capital and free reserves of the Company, based on the audited standalone and consolidated financial statements of the Company as of March 31, 2021, respectively (being the latest available audited standalone and consolidated financial statements of the Company) which in both cases is less than 10% of the aggregate of the total paid-up capital and free reserves of the Company which is in accordance with the proviso to Regulation 5(i)(b) of the Buyback Regulations.
The period of the Buyback extends from July 22, 2021, i.e., the date of the Board Meeting to the date on which the final payment of consideration for the Equity Shares bought back by the Company is made (“Buyback Period”). At the Maximum Buyback Size and the Maximum Buyback Price, the indicative maximum number of Equity Shares bought back would be 5,15,873 (Five Lakhs Fifteen Thousand Eight Hundred Seventy-Three Only) Equity Shares (“Indicative Maximum Buyback Shares”), which will not exceed 25% of the total number of Equity Shares in the total paid-up equity capital of the Company as of March 31, 2021.
The Company will comply with the requirement of maintaining a minimum public shareholding of at least 25% of the total paid-up equity share capital of the Company as provided under Regulation 38 of the Listing Regulations, during the Buyback Period and upon completion thereof.
Buyback Public Announcement Link :
Registrar of The Buyback :
KFin Technologies Private Limited
Selenium, Tower B, Plot Nos. – 31 & 32,
Financial District Nanakramguda,
Serilingampally Mandal Hyderabad 500032
Tel No.: +91 40 6716 2222;
Toll-free number – 1800 309 4001;
Contact Person: Mr. Anandan K
Email: [email protected]
Investor Grievance Email: [email protected]
Manager of The Buyback :
HDFC Bank Limited
Investment Banking Group,
Unit No. 401 & 402, 4th Floor,
Tower B Peninsula Business Park,
Lower Parel, Mumbai 400 013
Tel No.: +91 22 3395 8233;
Fax No.: +91 22 3078 858
Contact Person: Harsh Thakkar / Ravi Sharma
Email: [email protected]
Investor Grievance Email: [email protected]
Company Address :
Tanla Platforms Limited
(formerly known as Tanla Solutions Limited)
Tanla Technology Centre
India – 500081
E-mail: [email protected]
How to Participate in Tanla Platforms Ltd buyback?
The Investors are eligible for the buyback scheme who have Tanla Platforms shares in their Demat account as the Record date is Not Declare as the offer is Open Market. Investors can participate in the Tanla Platforms Buyback 2021 scheme as per the opening form by selling their shares. The payment will be given as per the accepted shares by the company under the Tanla Platforms Buyback scheme.
|Read also:- Rights issue 2021|
Tanla Platforms Buyback 2021 FAQs:
When is Tanla Platforms Buyback Announcement Date?
Tanla Platforms Buyback 2021 announcement date is 22 June 2021.
When is Tanla Platforms Buyback Open Date?
Tanla Platforms Buyback Open date is 29 July 2021.
When is Tanla Platforms Buyback Close Date?
Tanla Platforms Buyback Close date is 28 Jan 2021.
When is Tanla Platforms Buyback Record Date?
Tanla Platforms Buyback 2021 Record date is Not Declare as the offer is Open market.
What is Tanla Platforms Buyback Price?
Tanla Platforms company has fixed the price at ₹1260 per share.
What is Tanla Platforms Buyback Offer Size?
Tanla Platforms company Buyback Offer Size is ₹65 Cr.
How to apply for Tanla Platforms Buyback 2021?
As per the record date you need to have Tanla Platforms shares in your Demat account. You can participate in buyback after having the stock in your account.
Disclaimer: STOCK MARKET INVESTMENTS ARE SUBJECT TO MARKET RISKS, READ ALL SCHEME RELATED DOCUMENTS CAREFULLY.