Tanla Platforms announces ₹175 crore buyback at ₹875 per share, offering 33% premium

Tanla Platforms, a provider of cloud-based communication solutions, has announced a share buyback of up to ₹175 crore at ₹875 per share, representing a 33.2% premium to its Monday closing price of ₹656.90. The buyback will be executed via the tender offer route and will cover up to 20 lakh fully paid-up equity shares, or approximately 1.49% of the company’s total equity capital.

According to the filing, the buyback size constitutes 24.81% of the company’s paid-up equity share capital and free reserves on a standalone basis, and 7.78% on a consolidated basis, based on audited financial statements as of March 31, 2025.