Buyback29 Sept 2026, 06:30 pm
Transport Corp Promoter Group Opts Out of Buyback
AI Summary
Transport Corporation of India Ltd announced that its Promoter Group has communicated their intention not to participate in the company's ongoing buyback program. This buyback, approved by the Board on September 29, 2026, involves up to 1,562,500 equity shares at ₹960 per share, not exceeding ₹1,500,000,000. The decision by the Promoter Group means they will not tender their shares in the buyback, which is being conducted via the tender offer route. The company is proceeding with the buyback as planned, and this communication is to inform stakeholders of the Promoter Group's decision.
Key Highlights
- Promoter Group will not participate in the company's equity share buyback.
- Buyback involves up to 1,562,500 shares at ₹960 each.
- Total buyback value not to exceed ₹1,500,000,000.
- Tender offer route is being used for the buyback.
- Company proceeds with buyback despite promoter non-participation.
Price Impact
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