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Tanla Platforms extends partnership with Truercaller; stock rises

February 28, 2024
in Business
Reading Time: 2 mins read
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Tanla Platforms extends partnership with Truercaller; stock rises

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Tanla Platforms shares rose on Wednesday after the Cloud communication supplier introduced it had prolonged its partnership with Truecaller for enterprise messaging. The 2 corporations have been in partnership since 2002. The inventory gained as a lot as 4.6 per cent to Rs 1,043.2 apiece on BSE, persevering with to strengthen for a second straight session.

At 10:43 am, Tanla Platforms shares traded held on to half of their intraday acquire at Rs 1018 apiece.

“Tanla India’s main CPaaS supplier is happy to increase an unique partnership with Truecaller for enterprise messaging,” Hyderabad-headquartered Tanla Platforms stated in a a regulatory submitting post-market hours on Tuesday.

The partnership goals to assist enterprises join with their end-users and provide extremely customised options, together with wealthy media and interesting content material, it stated.

In response to Alan Mamedi, CEO and Co-Founding father of Truecaller, the brand new partnership with strengthened collaboration will guarantee rising utilization of the platform and alternatives to serve extra enterprise clients by means of Tanla’s community.

“We’re dedicated to this partnership with Tanla and to scaling up volumes,” Mamedi added.

Tanla and Truecaller consider that this partnership will guarantee continued development and product growth to additional innovate and construct an much more efficient communication platform for enterprises.

Tanla Platforms share worth: Previous efficiency

In a 12 months, shares of Tanla Platforms have gained over 49 per cent, outperforming an increase of greater than 28 per cent within the headline Nifty50 index.

Catch the most recent inventory market updates right here. For all different information associated to enterprise, politics, tech and auto, go to Zeebiz.com.

DISCLAIMER: The views and funding suggestions expressed by funding consultants on zeebiz.com are their very own and never these of the web site or its administration. zeebiz.com advises customers to verify with licensed consultants earlier than taking any funding selections.

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