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Transport Corp Board Approves ‘150 Crore Share Buyback; Promoters Opt Out
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CNBC TV18•29-09-2026, 14:48
Transport Corp Board Approves ‘150 Crore Share Buyback; Promoters Opt Out
- •Transport Corporation of India (TCI) board approved a share buyback of up to 1.56 million shares (2.03% of equity) at ’960 per share via tender offer.
- •The total buyback size is capped at ’150 crore, excluding transaction costs, with eligible shareholders participating on a proportionate basis.
- •Promoters and promoter group members will be excluded from the offer and have expressed their intention not to participate.
- •October 9, 2026, is fixed as the record date to determine shareholder eligibility for the buyback.
- •TCI also approved incorporating a wholly-owned subsidiary in China with up to $2 million initial commitment for logistics and supply-chain activities, supporting an India-China-Far East corridor.
Key Questions Answered
Transport Corporation of India (TCI) approved a share buyback of up to 1.56 million shares, representing 2.03% of its paid-up equity capital, at ₹960 per share. The total buyback size is capped at ₹150 crore through the tender offer route, with October 9, 2026, set as the record date for determining eligible shareholders.
No, promoters and members of the promoter group will be excluded from the offer and have expressed their intention not to participate in the buyback.
The board approved the incorporation of a wholly owned subsidiary in China with an initial financial commitment of up to $2 million. The new entity will handle logistics and supply-chain activities to support an integrated India-China-Far East logistics corridor.
