TANLA SOLUTIONS LIMITED

The journey of Tanla Solutions has started with a small group of mobile messaging experts, with base in Hyderabad, India, to create a world-class messaging service. From 2000 till now, they have come a long way. Today, they are proud to have achieved global leadership in their domain as one of the largest Cloud communication providers in the world. They are innovating the way the world communicates, continuously raising the bar through enhanced speed, ease, and simplicity of our Cloud solutions. Over the years, they have developed and delivered cutting-edge technology and products which meet the discerning needs of a diverse clientele, from enterprises to carriers across geographies. The standards they have set are industry-defying, difficult to surpass even by us. But then, that’s what we do best, beating us at our own game. The financials of the company are good over the years, but loss in all three quarters of FY20 raises some concern. Price difference is around 18.08% and acceptance ratio as per current share holding for retail will be around 8% for RII and after announcement of buyback possibility of retail holding will increase. So expected acceptance ratio would be around 20% and gain around 4% for retail investors. So we give AVOID rating to this buyback.

• 1 Mr. Rajesh Pirogiwal
• 2 Mrs. Sunita Pirogiwal
• 3 Miss Tanvi Pirogiwal