Tanla Solutions Limited Buyback 2020
(i) The journey of Tanla Solutions has started with a small group of mobile messaging experts, with base in Hyderabad, India, to create a world-class messaging service.
(ii) From 2000 till now, they have come a long way. Today, they are proud to have achieved global leadership in their domain as one of the largest Cloud communication providers in the world.
(iii) They are innovating the way the world communicates, continuously raising the bar through enhanced speed, ease, and simplicity of our Cloud solutions.
(iv) 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 they 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.
Buy Back Offer Deal:
|Buyback Type:||Tender Offer|
|Buyback Record Date:||Jun 10 2020|
|Buyback Opening Date:||Jul 01 2020|
|Buyback Closing Date:||Jul 14 2020|
|Buyback Offer Amount:||₹ 154 Cr|
|Date of Board Meeting approving the proposal:||Apr 22 2020|
|Date of Public Announcement:||Apr 22 2020|
|Buyback Offer Size:||13.54%|
|Buyback Number of Shares:||1,90,12,345|
|Price Type:||Tender Offer|
|Buyback Price:||₹ 81 Per Equity Share|
Details of Buyback:
Salient financial parameters:
|Profit before tax||5||14||39||13||33|
|EPS in Rs||0.26||0.67||3.81||1.7||2.58|
How to Participate in buyback?
Profit from the buyback on the bases of acceptance Ratio:
|Amount Invested in Buyback||160493||160493||160493||160493|
|No. of Shares buyback||814.77||1234.5||1851.75||2469|