The Board of Directors of the company has declared a dividend of Rs.6 per equity share for the financial year 2022-2023. The face value of each of these shares is Re 1 (600%).
This multibagger share is worth Rs. 30 to ₹ 748.50, now investors will get 600% dividend
Tanla Platforms Ltd. is engaged in IT software industry with Rs. It is a mid-cap company with a market cap of Rs 10,187.02 crore. The company is one of the largest providers of cloud communications solutions worldwide. The Board of Directors of the company has declared a dividend of Rs.6 per equity share for the financial year 2022-2023. The face value of each of these shares is Re 1 (600%). The company’s recent share price is 748.50.
What did the company say?
The Board of Directors of the Company in a stock exchange filing said that “As per SEBI, we would like to inform that the Board of Directors of the Company in its meeting held on Thursday, August 04, 2022, inter alia, discussed and announced Dividend Interim Dividend of face value of Rs.1/- each (600%) per equity share for the financial year 2022-23. Record date fixed for nomination of equity shareholders for interim dividend is August 19, 2022.
company share price
Shares of Tanla Platforms Ltd closed at ₹748.50 on Friday, down 2.29% from the previous close. In the last 5 years, the share price has increased from Rs 30.30 on August 11, 2017 to Rs 748.50 on August 5, 2022. That is, investors have got a tremendous multibagger return of 2,370.30% during this period.
However, the stock has fallen 18.73% in the last 1 year and is down 59.30% so far in 2022 on a YTD basis. The stock has lost 55.94% in the last 6 months and 24.46% in the last 1 month. On NSE, the stock touched a 52-week high of ₹2,096.75 on 17-January-22 and a 52-week low of ₹584.50 on 27-July-22. That is, 64.30 percent above the 52-week high and 28.05 percent above the 52-week low.