TCI Incorporates China Subsidiary, Approves ₹150 Cr Share Buyback

Transport Corporation of India Ltd (TCI) announced board approval for the incorporation of a Wholly Owned Subsidiary (WOS) in the People's Republic of China, aligning with its international logistics network expansion strategy. Concurrently, the company approved a share buyback program of up to 1,562,500 equity shares, representing 2.03% of its capital, at ₹960 per share for an aggregate amount not exceeding ₹1,500,000,000 (₹150 Cr). The buyback, excluding promoters, will be conducted via the tender offer route. A buyback committee has been formed, and October 9, 2026, is set as the record date. Promoters have expressed their intention not to participate in the buyback.