Archive · 29 Sep 2026
TCI Approves Rs 150 Crore Buyback at Rs 960
Transport Corporation of India plans to buy back some of its shares.
The total buyback is worth Rs 150 crore.
The company plans to pay Rs 960 for each share bought back.
Promoters and members of the promoter group will not take part.
Shareholders will be checked for eligibility on October 9, 2026.
The buyback will follow Indian securities and company laws.
The company may raise the price before the record date, but would then buy fewer shares.
TCI also plans to create a fully owned company in China to help expand its international logistics network.
Transport Corporation of India approved a Rs 150 crore share buyback at Rs 960 per share.
The buyback will exclude promoters, the promoter group and shareholders prohibited under applicable laws.
October 9, 2026, is the record date for determining shareholder eligibility and entitlement.
Promoters and the promoter group told TCI they will not participate in the buyback.
The board also approved incorporating a wholly owned subsidiary in China to expand TCI’s international logistics network.
- Who
- Transport Corporation of India and its shareholders; promoters and the promoter group will be excluded from participation.
- What
- The board approved a Rs 150 crore share buyback at Rs 960 per share and the incorporation of a wholly owned Chinese subsidiary.
- When
- The record date for buyback eligibility is October 9, 2026; promoters notified TCI of their decision on September 29, 2026.
- Where
- The buyback concerns TCI shareholders, while the proposed subsidiary will be incorporated in the People’s Republic of China.
- Why
- The proposed Chinese subsidiary is intended to expand TCI’s international logistics network across key global trade corridors; no specific reason for the buyback was stated.
- Buyback size
- Rs 150 crore, excluding transaction costs and other related expenses
- Buyback price
- Rs 960 per share
- Record date
- October 9, 2026
- Promoter participation
- Promoters and the promoter group do not intend to participate
- Standalone proportion
- 6.76% of fully paid-up equity share capital and free reserves as of March 31, 2026
- Consolidated proportion
- 6.15% of fully paid-up equity share capital and free reserves
- Share price
- Rs 866.75, up 0.22% in Tuesday’s session