Latest news with #TanlaPlatform
Mint
6 days ago
- Business
- Mint
Tanla Platforms buyback: Price, date, acceptance ratio, other details. Should you participate?
Tanla Platforms, on June 16, announced that the board has approved a share buyback of 20 lakh shares, which accounts for approximately 1.5 per cent of the company's total equity. The buyback will be conducted at a price of ₹ 875 per share, which is 33 per cent premium over the previous closing price of ₹ 657.15 on the National Stock Exchange (NSE). 'We wish to inform that the Board of Directors of the Company in its meeting held on June 16, 2025, considered and approved the proposal for buyback of up to 20,00,000 fully paid up equity shares of the Company having a face value of INR 1/- (Indian Rupee One Only) ('Equity Shares') representing up to 1.49 % of the total number of Equity Shares in the existing total paid-up Equity Share capital of the Company, at a price of INR 875/- (Indian Rupee Eight Hundred and Seventy Five only) per Equity Share ('Buyback Offer Price'), payable in cash for an aggregate amount not exceeding INR 175,00,00,000/- (Indian Rupee One Hundred and Seventy Five Crore only) (the 'Buyback Offer Size'), being 24.81% and 7.78% of the aggregate paid-up Equity Share capital and free reserves of the Company as per the latest audited standalone and consolidated financial statements of the Company as on March 31, 2025, respectively (the 'Buyback'),' the company said in an exchange filing. The company will circulate the postal ballot notice exclusively through electronic means. Remote e-voting will begin at 9:00 a.m. on Tuesday, June 17, 2025, and conclude at 5:00 p.m. on Wednesday, July 16, 2025. The record date for the share buyback has not been decided yet. The buyback price of ₹ 875 is almost same to the stock's trading level in 2022, when the company had announced its previous buyback. Avinash Gorakshkar, Head of Research at Profitmart Securities, recommends investors to apply for the Tanla Platforms buyback offer. However, he believes that Tanla Platform buyback size is small, and more applications for the buyback offer can be expected. 'The Tanla Platform's buyback size is just 1.49% of the total paid-up shares of the company. So, the Tanla Platform buyback size is small, and we expect more applications for the buyback offer. Hence, the Tanla Platform's buyback ratio of acceptance is expected to remain low. But, looking at the premium and market conditions, Tanla Platforms shareholders are advised to apply for the Tanla Platforms buyback offer,' Gorakshkar said. On the other hand, Anshul Jain, Head of Research at Lakshmishree Investments, pointed out that volumes during the base formation have been broadly accumulative, the recent Tanla Platforms buyback announcement failed to ignite momentum. 'Tanla Platforms share price is developing a 107-day-long rounding bottom pattern on the daily chart and is gradually approaching the neckline resistance at ₹ 776. This indicates that traders are awaiting a technical breakout above the neckline. A strong close above ₹ 776, supported by volume, will confirm the pattern and open upside potential toward the ₹ 850 to ₹ 875 zone,' Jain said. Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
Economic Times
12-06-2025
- Business
- Economic Times
Tanla Platforms shares soar 13% as board likely to consider share buyback
Tanla Platforms share buyback history Live Events Tanla Platform share price performance (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Shares of Tanla Platforms soared 12.8% to hit their day's high of Rs 702 on BSE in Thursday's trade after the company announced that its board of directors will meet on June 16 to consider a proposal for the buyback of equity shares.'Pursuant to Regulation 29(1)(b) of the SEBI LODR, this is to inform that a meeting of board of directors of the Tanla Platforms Limited ('Company') will be held on Monday, June 16, 2025, inter alia, to consider the proposal for buyback of equity shares of the Company and other matters necessary and incidental thereto,' the company informed via a filing to the stock potential buyback plan has boosted investor sentiment, with market participants viewing it as a sign of the company's financial strength and commitment to enhancing shareholder value.A share buyback typically involves a company repurchasing its shares from the market, thereby reducing the number of outstanding shares and potentially increasing earnings per share (EPS). It serves as a signal of management's confidence in the company's future performance and cash to the data available on Trendlyne, Tanla Platforms had conducted two board meetings before this, to conduct a buyback of shares, in July 2021 and April the past one year, the stock has declined 27.71%, while the year-to-date (YTD) performance shows a loss of 7.57%. In the last six months, the stock is down by 1.11%.However, in the most recent three month period, the stock has gained 58.71%, and over the past one month, it has risen 40.20%.
