Tanla Platforms Share Buyback: Past Acceptance Ratios And 2025 Offer Details

The Board of Tanla Platforms, on Monday, approved a share buyback worth Rs 175 crore through the tender offer route. The company plans to repurchase 20 lakh shares, which represents 1.4% of its total equity base of 13.5 crore shares.

The buyback price has been set at Rs 875 per share, a 34% premium to the Monday's closing price. As per SEBI rules, 15% of the offer is reserved for the retail shareholder category.

The entitlement ratio for retail shareholders is calculated at 0.80%. This means that for every 100 shares held, a retail investor is entitled to have roughly 1 share accepted under the buyback.

Over the last three years, Tanla Platforms has returned capital to shareholders through a mix of tender offer and open market buybacks. The acceptance ratio in the 2022 tender offer stood at 8.7%, with a higher share accepted for retail investors. The 2021 open market buyback offered price flexibility, while the 2020 tender offer resulted in the highest equity reduction at 12.49%.

In 2022, Tanla Platforms carried out a buyback worth Rs 170 crore via the tender offer route. The offer price was Rs 1,200 per share, marking a 66.3% premium over the then market price. This buyback represented 1.04% of the company’s total equity.

The overall acceptance ratio for the 2022 buyback was 8.7%. Within this, retail shareholders had 19.4% of their shares accepted, while general category shareholders saw an acceptance of 7.9%.

In 2021, the company conducted a buyback worth Rs 65 crore through the open market route. The maximum buyback price announced was Rs 1,260, and the average price at which shares were repurchased stood at Rs 920.88.

The open market route does not have a fixed acceptance ratio or assured participation.

The 2020 buyback was also via the tender offer route, involving Rs 154 crore at a price of Rs 81 per share. This reflected a 55.5% premium over the market rate at the time.

This buyback covered 12.49% of the total equity, making it the largest among the three in terms of percentage capital reduction.