Tanla Platforms shines as its arm incorporates wholly owned subsidiary in Kingdom of Saudi Arabia
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Tanla Platforms is currently trading at Rs. 1014.75, up by 14.65 points or 1.46% from its previous closing of Rs. 1000.10 on the BSE.
The scrip opened at Rs. 1003.00 and has touched a high and low of Rs. 1019.00 and Rs. 1002.90 respectively. So far 7431 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1317.70 on 24-Jul-2023 and a 52 week low of Rs. 506.10 on 27-Mar-2023.
Last one week high and low of the scrip stood at Rs. 1084.50 and Rs. 995.30 respectively. The current market cap of the company is Rs. 13447.33 crore.
The promoters holding in the company stood at 44.15%, while Institutions and Non-Institutions held 16.37% and 39.48% respectively.
Tanla Platforms’ wholly owned subsidiary -- Tanla Mobile Asia Pacific Pte (Tanla- Singapore) has incorporated a wholly owned subsidiary namely, Tanla Mobile Middle East LLC (Tanla- KSA) in Kingdom of Saudi Arabia. Tanla- KSA has been strategically incorporated to spearhead and extend its business operations across the Middle East region. This expansion aims to tap into the dynamic markets of various Middle Eastern countries, leveraging Tanla's expertise and innovative solutions to meet the evolving communication needs of the region. Cost of acquisition is Saudi Riyal 50,000.
Tanla Platforms (formerly known as Tanla Solutions) is engaged in providing integrated telecom infrastructure solutions and products. Tanla’s range of services includes product development and implementation in wireless telephony industry, aggregator services and off shore development services.
