Tanla Platforms hits 5% upper circuit for 2nd day straight on buyback plan

Despite past two days' gain, Tanla Platforms has underperformed the market in the last three months by falling 2.5 per cent, as compared to a 8.6 per cent rise in the S&P BSE Sensex

Shares of Tanla Platforms were locked in upper circuit of 5 per cent at Rs 930.55 on the BSE in Tuesday's trade after the company announced its board will consider buyback of equity shares of the company in their forthcoming board meeting.

A meeting of the board of directors of the company will take place between July 21-July 22, 2021. In particular on July 22, the Board shall, inter-alia, discuss and consider the unaudited financial results of the company for the quarter ended June 30, 2021.

The board will also consider a proposal for buyback of the equity shares of the company