04/10/2022

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Tanla Platforms rises as board to mull share buyback

Tanla Platforms rises as board to mull share buyback



Tanla Platforms jumped 4.25% to Rs 752.35 after the corporate mentioned that its board will contemplate proposal for buyback of fairness shares on Thursday, 8 September 2022.

As on 30 June 2022, promoters held 43.74% stake within the firm.

The IT software program firm’s consolidated web revenue dropped 3.9% to Rs 100.41 crore on 27.7% improve in web gross sales to Rs 800.14 in Q1 FY23 over Q1 FY22.

Tanla Platforms, one of many world’s largest CPaaS gamers, processes greater than 800 billion interactions yearly and about 63% of India’s A2P SMS site visitors is processed via its distributed ledger platform.

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