Buyback30 Sept 2026, 04:01 pm
Transport Corp of India Announces Buyback of 15.6 Lakh Shares
AI Summary
Transport Corporation of India Ltd has announced a buyback of up to 1,562,500 fully paid-up equity shares, representing approximately 1.04% of the total issued and paid-up equity share capital. The buyback will be conducted at a price of ₹960 per share, payable in cash, for an aggregate amount not exceeding ₹150 Crore. This tender offer route buyback is in compliance with the Companies Act, 2013, and SEBI Buyback Regulations, 2018. The public announcement regarding the buyback was published on September 30, 2026, in leading newspapers.
Key Highlights
- Company to buy back up to 1,562,500 equity shares.
- Buyback price set at ₹960 per share.
- Total buyback value not to exceed ₹150 Crore.
- Buyback to be executed via tender offer route.
- Public announcement published on September 30, 2026.
Price Impact
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