Debt-free stock Tanla Platforms shares soar almost 13% as board to consider buyback proposal on June 16

Shares of debt-free stock Tanla Platforms surged over 11 percent in intra-day trade on Thursday, June 12, after the company informed the stock exchanges that its board of directors would meet on Monday, June 16, 2025, to consider a proposal for the buyback of equity shares. The announcement triggered a sharp rally in the stock, with investor sentiment turning positive amid expectations of shareholder-friendly corporate action. In its regulatory filing, the company stated, “Pursuant to Regulation 29(1)(b) of the SEBI LODR, this is to inform that a meeting of the board of directors of Tanla Platforms Limited (‘Company’) will be held on Monday, June 16, 2025, inter alia, to consider the proposal for buyback of equity shares of the Company and other matters necessary and incidental thereto, in accordance with the applicable provisions of the Companies Act, 2013 (including the rules and regulations framed thereunder), the Securities and Exchange Board of India (Buy-back of Securities) Regulations, 2018, as amended, and other applicable laws.” Source - MINT