Buyback29 Sept 2026, 02:03 pm
TCI Sets Oct 9 Record Date for ₹150 Cr Equity Buyback
AI Summary
Transport Corporation of India Ltd (TCI) announced its Board has approved a buyback of up to 1,562,500 equity shares, representing 2.03% of total shares, at ₹960 per share. The total buyback size is capped at ₹150 crore. The record date for determining eligible shareholders is October 9, 2026. Promoters and promoter group have expressed their intention not to participate. The company also approved the incorporation of a Wholly Owned Subsidiary in China to expand its international logistics network. The buyback will be conducted via the tender offer route.
Key Highlights
- TCI approves buyback of 2.03% equity shares at ₹960 each.
- Total buyback size is ₹150 crore, with Oct 9 as record date.
- Promoters will not participate in the buyback offer.
- Company to establish a wholly-owned subsidiary in China.
- Buyback aims to expand international logistics network.
Price Impact
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