Board Meeting27 Oct 2026, 03:13 pm
Transport Corporation of India Ltd Approves ₹300 Cr NCD Issuance
AI Summary
Transport Corporation of India Ltd's Board of Directors has approved the issuance of secured, listed, and redeemable Non-Convertible Debentures (NCDs) amounting to ₹300 Crores. The issuance will be in one or more tranches on a private placement basis. The Board also approved the Unaudited Financial Results for the quarter and half-year ended September 30, 2026, and appointed Mr. Bhudev Bhushan Giri as CEO-Designate for the TCI Seaways Division. The Board meeting took place on October 27, 2026.
Key Highlights
- Board approved issuance of NCDs worth up to ₹300 Crores.
- NCDs will be secured, listed, redeemable, and issued via private placement.
- Unaudited financial results for Q2 FY27 were approved.
- Mr. Bhudev Bhushan Giri appointed as CEO-Designate, TCI Seaways Division.
- Board meeting held on October 27, 2026.
Price Impact
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