Transport Corp of India Approves Equity Share Buyback

Transport Corporation of India Ltd. has announced a board resolution approving the buyback of up to 1,562,500 fully paid-up equity shares, representing 2.03% of its paid-up share capital. The buyback will be conducted via the tender offer route at a price of ₹960 per share. The total aggregate amount for the buyback will not exceed ₹1,500,000,000 (₹150 Crore), excluding transaction costs. This buyback represents 6.76% (standalone) and 6.15% (consolidated) of the company's equity share capital and free reserves as of March 31, 2026, which is within the statutory limit of 10% under the board approval route. The buyback excludes shares held by promoters and the promoter group. The record date for determining eligible shareholders is October 9, 2026.