<ul data-eligibleForWebStory="true"><li>Tanla Platforms Ltd.'s board of directors set the price for a buyback of shares worth Rs 175 crore from the public at Rs 875 apiece.</li><li>The 12 promoter entities, owning 45.49% as of March, will not participate in the buyback.</li><li>Kotak Mahindra Capital Co. is managing the buyback process.</li><li>The buyback offer is subject to shareholder approval through a special resolution and other statutory approvals.</li><li>The exact number of equity shares bought back will be determined post completion of the buyback.</li><li>Foreign investors hold 9.63% equity, domestic financial institutions own 0.96%, and retail investors hold nearly 9% in Tanla Platforms.</li><li>Tanla Platforms' stock closed 1.4% lower at Rs 657.15 per share on the NSE before the buyback announcement.</li><li>The stock has dropped 31% in the last 12 months and 2% year-to-date.</li><li>Two analysts have a 'buy' rating on Tanla Platforms' stock with a 12-month price target indicating a potential 7.6% downside.</li></ul>

Tanla Platforms Buyback: Board Sets Price For Rs 175-Crore Offer

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