Tanla Platforms shares soar over 13% after inking deal with WhatsApp

Shares of Tanla Platforms rallied over 13% to Rs 1,080 in Monday’s intraday trade on the BSE after the company announced in its exchange filing that it had signed a commercial agreement with a global tech major. The company did not disclose the name of the tech major. The agreement, made through Wisely ATP, aims to combat scams on the tech major’s messaging platform by identifying fraudulent phone numbers.

However, a top executive close to the companies told ET that Meta Platforms-owned WhatsApp has inked a collaborative pact with Tanla Platforms to identify fraudulent phone numbers in an attempt to boost efforts at controlling scams over its messaging platform.