Tanla Platforms falls 3% after company ends pact with Vodafone
Introduction:
Tanla Platforms Falls 3%: Tanla Platforms opted not to renew its contract with Vodafone Idea, which resulted in a more than 3% decline in share price in the first hour of trading on August 21.
In November 2021, the company signed a term sheet with Vodafone Idea that was good for two years and covered the provision of platform and firewall services for worldwide A2P services.
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According to the corporation, this agreement will end after the initial period.
According to the company, this would have a full-quarter impact of Rs 17 crore in sales and Rs 9 crore in PAT.
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