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Transport Corporation of India Board to Consider Share Buyback
Transport Corporation of India is considering buying some of its own shares back.
Its board will discuss the idea on September 29.
The company has not approved the buyback yet.
It has also not said how many shares it might buy or at what price.
Investors must wait for another announcement for those details.
The company informed the BSE and National Stock Exchange of India about the planned meeting.
TCI has temporarily closed trading in its securities.
The closure will last until 48 hours after the company announces its second-quarter FY27 results.
Transport Corporation of India’s board will consider a share buyback proposal on September 29.
The proposed buyback has not been approved, and its size, price, method, and record date remain undisclosed.
TCI notified the BSE and National Stock Exchange of India through a September 24 regulatory filing.
Any buyback would be considered under applicable company law, securities regulations, and other laws.
TCI’s trading window is closed until 48 hours after the second-quarter FY27 results are announced.
- Who
- Transport Corporation of India Limited and its board.
- What
- The board will consider a proposal to buy back fully paid-up equity shares.
- Where
- The proposal was disclosed to the BSE and National Stock Exchange of India; the meeting location was not specified.
- When
- The board meeting is scheduled for September 29; the notice was filed on September 24.
- Why
- The board is considering the proposal under applicable company and securities laws; the filing does not state a further reason.
Key facts
- Board meeting
- September 29
- Proposal status
- Awaiting board approval
- Buyback details
- Size, price, number of shares, method, and record date have not been disclosed
- Regulatory filing
- Filed with the BSE and National Stock Exchange of India on September 24
- Trading window
- Closed with immediate effect
- Trading-window reopening
- 48 hours after the second-quarter FY27 results are announced
- Applicable framework
- Companies Act, 2013, Securities and Exchange Board of India (Buy-back of Securities) Regulations, 2018, and other applicable laws
Sources
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