Tanla Platforms announces Rs 175 crore buyback at Rs 875/share, offering 33% premium
, a provider of
cloud-based communication solutions
, has announced a share buyback of up to Rs 175 crore at Rs 875 per share, representing a 33.2% premium to its Monday closing price of Rs 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.
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Shareholder approval will be sought through a special resolution via postal ballot and remote e-voting, with the record date to be announced separately, the company said.
The Hyderabad-based communications technology company will execute the buyback using the stock exchange mechanism, in compliance with the provisions of the Companies Act, 2013, and the Sebi (Buy-Back of Securities) Regulations, 2018. The repurchase will be made on a proportionate basis for all eligible shareholders and beneficial owners.
This marks Tanla's third share buyback in five years. The company previously conducted buybacks in 2020 and 2022, with record dates of June 10, 2020, and October 25, 2022, respectively.
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Q4 financials
The company reported a 9.9% year-on-year decline in net profit for the quarter ended March, at Rs 117.3 crore, compared to Rs 130.2 crore in the same period last year. Revenue rose marginally by 1.9% to Rs 1,024.4 crore from Rs 1,005.5 crore. EBITDA stood at Rs 163.4 crore, also up 1.9%, with margins flat at 16%.
Earnings per share (EPS) came in at Rs 8.74 for the quarter. Free cash flow stood at Rs 172 crore, while the company reported a cash balance of Rs 1,009 crore. The board also declared a second interim dividend of Rs 6 per share for FY25, with the record date fixed as April 30, 2025.
Uday Reddy, Founder Chairman & CEO, said:
'Our strategic investment in OTT is delivering results. We have signed two international contracts to deploy our MaaP platform. With over Rs 5 billion in free cash flow this year, we remain focused on disciplined capital allocation and long-term value creation.'
On Tuesday, shares of Tanla Platforms rose as much as 7.8% to Rs 708 on the BSE, reacting to the buyback announcement.
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Tanla Platforms shares in focus as board approves Rs 175-crore share buyback at Rs 875 apiece
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