Transport Corp India buyback has been approved by Transport Corporation of India Ltd (TCI), with the logistics company’s board clearing a proposal to repurchase up to 15,62,500 fully paid-up equity shares at Rs 960 per share.
The total value of the proposed buyback will not exceed Rs 150 crore.
The shares proposed to be bought back represent up to 2.03% of the company’s total paid-up equity share capital.
Transport Corp India Buyback Details
The board approved the buyback on September 29, 2026. Under the proposal, TCI will purchase up to 15,62,500 shares through the tender offer route at Rs 960 per equity share.
The buyback price represents a premium to the company’s prevailing market price.
The final entitlement and participation will depend on the applicable buyback terms and eligibility on the record date.
Record Date and Shareholder Eligibility
The buyback will be available to eligible equity shareholders or beneficial owners whose names appear as shareholders as on the record date.
The record date is therefore an important date for investors looking to participate in the offer.
The company’s board approval specifies the number of shares and buyback price, while shareholders will need to follow the formal process and applicable terms announced by the company.
What the Rs 150 Crore Buyback Means
A share buyback allows a company to repurchase its own shares from eligible shareholders.
In this case, TCI plans to buy back shares worth up to Rs 150 crore, subject to the approved terms.
The proposed repurchase could reduce the number of outstanding shares if completed in full.
The company has also approved other corporate plans alongside the buyback, including the establishment of a wholly owned subsidiary in China as part of its international expansion.
TCI Buyback Offer at Rs 960
Transport Corporation of India is a logistics solutions provider whose shares are listed on Indian stock exchanges.
The latest board decision gives eligible shareholders a formal buyback proposal, with the offer price fixed at Rs 960 per share.
Investors should check the company’s official exchange filings for the final record date, tendering procedure and other applicable details before taking any action.
