Overview

• The board authorised repurchase of up to 20 lakh equity shares at Rs 875 each, valuing the buyback at Rs 175 crore
• Tanla’s share price surged nearly 8% to trade around Rs 708 after the buyback announcement
• The tender offer represents a 33% premium over the pre-announcement closing price of Rs 657.15
• Promoter entities holding 45.49% of equity will not participate in the buyback process
• Tanla reported a 9.9% decline in net profit to Rs 117.3 crore for the March 2025 quarter