Transport Corp of India Approves ₹150 Cr Equity Share Buyback

Transport Corporation of India Ltd announced its Board of Directors has approved a buyback of up to 1,562,500 equity shares, representing 2.03% of paid-up capital. The buyback will be conducted at ₹960 per share, for an aggregate amount not exceeding ₹150 crore. This initiative is part of the company's strategy to expand its international logistics network. The buyback excludes promoters and will be executed via the tender offer route. A buyback committee has been formed, and October 9, 2026, is set as the record date. Additionally, the company approved the incorporation of a Wholly Owned Subsidiary in China.