<ul data-eligibleForWebStory="true"><li>Tanla Platforms Ltd. shares surged nearly 8% as the board approved a buyback of shares worth Rs 175 crore from the public.</li><li>The buyback involves repurchasing up to 20 lakh shares from the secondary market at Rs 875 per share, subject to shareholder approval and necessary statutory permissions.</li><li>The 12 promoter entities owning 45.49% of the company will not participate in the buyback, managed by Kotak Mahindra Capital Co.</li><li>The exact number of equity shares and percentage of the existing paid-up capital to be repurchased will be determined later.</li><li>Tanla Platforms share price rose 7.69% to Rs 707.70 per share, later trading at Rs 690.20, exceeding NSE Nifty 50's gain.</li><li>With a 27.8% fall in the past year, the stock's traded volume is 8.2 times its 30-day average, having an RSI of 73.</li><li>Two analysts recommend a 'buy' rating for Tanla Platforms, with a 12-month consensus price target indicating a 12.4% upside.</li></ul>

Tanla Platforms Shares Jump 8% As Board Approves Rs 175-Crore Stock Buyback Plan

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