Buyback12 Oct 2026, 09:10 pm
Transport Corporation of India Ltd Initiates Share Buyback
AI Summary
Transport Corporation of India Ltd has submitted a Letter of Offer to the stock exchanges for its share buyback program through a tender offer route. The company plans to buy back up to 1,562,500 equity shares, representing 2.03% of its total paid-up equity capital as of March 31, 2026. The buyback price is set at ₹960 per share, with a total aggregate amount not exceeding ₹1,500,000,000 (₹150 Crore). The buyback opens on October 15, 2026, and closes on October 22, 2026. This initiative is in accordance with SEBI Buyback Regulations, 2018.
Key Highlights
- Company launches tender offer buyback of equity shares.
- Buyback price set at ₹960 per share.
- Total buyback value capped at ₹1,500,000,000 (₹150 Crore).
- Buyback represents up to 2.03% of total equity capital.
- Buyback period: October 15 to October 22, 2026.
Price Impact
More from TCI