Tanla Platforms shares soar 13% as board likely to consider share buyback
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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 exchanges. The 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 potentiall...