Trading Members are hereby informed that Tanla Platforms Limited (Scrip code: 532790) has announced buyback of its fully paid-up equity shares of face value of Rs. 1/- each from the Open Market through electronic trading mechanism of the Exchange. The Maximum Buyback Price would not exceed Rs. 1,260/- (Rupees One Thousand Two Hundred and Sixty only) per equity share payable in cash for an aggregate amount not exceeding Rs. 65,00,00,000/- (Rupees Sixty Five Crores only).
1. Proposed timetable for buyback:
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Date of Opening of the Buyback on BOLT
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Thursday, July 29, 2021
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Last Date for the Buyback
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Earlier of:
(a) January 28, 2022 (that is 6 months from the date of the opening of the Buyback); or
(b) when the Company completes the Buy-Back by deploying the amount equivalent to the Maximum Buy-Back Size; or
(c) at such earlier date as may be determined by the Board (including a committee thereof, constituted by the Board or persons nominated by the Board / committee to exercise its powers, and / or the powers conferred by the Board resolution in relation to the Buyback), after giving notice of such earlier closure, subject to the Company having deployed an amount equivalent to the Minimum Buyback Size (even if the Maximum Buyback Size has not been reached or the Maximum Buyback Shares have not been bought back), however, that all payment obligations relating to the Buyback shall be completed before the last date for the Buyback.
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2. Broker Members for buyback:
The company has appointed the following BSE Trading Members through whom the purchases and settlement on account of the buyback would be made:
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Name of the Member
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Clearing No
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Client Code
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HDFC SECURITIES LTD
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393
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3310
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3. Details of Shares held in DEMAT Form.
The Trading Members may note that the Equity Shares held in DEMAT form can be offered for Buyback to the Company in rolling settlement, as per details mentioned below:
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Scrip Code
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532790
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Market Lot
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1 Share
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Scrip ID on BOLT System
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TANLA*
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4. Circuit Filters, Margins, Capital Adequacy Norms, Auction, Close out, Arbitration, etc. are applicable in case of buyback as in the case of the normal trading.
5. Institutional Investors are allowed to participate in the buyback.
6. Please note that, settlement will be with normal equity cash segment trades and market type for delivery will be “Normal” equity cash segment
7. The documents are available in Department of Corporate Services for inspection. In case of any queries /clarifications on the scheme of buyback, Trading Members may please contact the under mentioned persons:
- Merchant Banker to the Buyback:
HDFC Bank Limited
Investment Banking Group,
Unit No. 401 & 402, 4th Floor, Tower B,
Peninsula Business Park, Lower Parel, Mumbai 400 013
Tel: +91 02233958233
Fax: +91 022 3078858
Email: tpl.buyback@hdfcbank.com
Contact Person: Harsh Thakkar / Ravi Sharma
SEBI Registration No.: INM000011252
Ms. Seshanuradha Chava
Company Secretary
Tanla Technology Centre, Hitech City Road, Madhapur, Hyderabad – 500 081
Tel. No.: +91 40 4009 9999; Fax No.: +91 40 2312 2999
Email: Investorhelp@tanla.com
· At the Exchange:
Clearing & Settlement Department -
Mr. Nilesh Shah/Ajay Darji - Extn: 022-22728468/5163/5628/8223/5784
Email Id: bse.csd@bseindia.com
Trading Department -
Trading Operations - Extn: 022-2272- 8376 (For Trading Related)
Help desk - Extn: 61363100 (Hunting) (For BOLT System)
Listing Operations Department –
Mr. Raghavendra Bhat/ Ms. Vidhi Mehta - Extn: 022-2272-8915/8995 (For General Queries)
Rupal Khandelwal
Assistant General Manager
July 28, 2021 |