Transport Corporation of India approves ₹150 crore buyback at ₹960 a share

What happened

• The board of Transport Corporation of India (TCI) approved a buyback of up to 15,62,500 fully paid-up equity shares at ₹960 per share, for up to ₹150 crore. That is up to 2.03% of the company's paid-up equity.
• Shareholders on the record date, 9 October 2026, can offer their shares under a tender offer. The promoters do not intend to take part.
• The board also cleared a new wholly owned subsidiary in China, with up to $2 million of investment, to extend the company's logistics business overseas.

Why it matters

Good to know: In a tender-offer buyback, the company offers to buy shares at a fixed price from shareholders who hold them on the record date. If shareholders offer more shares than the company plans to buy, it accepts them in proportion.

Key facts

Buyback size

Up to ₹150 crore

Price

₹960 per share

Shares

Up to 15,62,500 (2.03% of equity)

Record date

9 October 2026

Read the source

• Transport Corporation of India approves shares buyback of Rs 150 crBusiness Standard
• Transport Corporation of India board approves Rs 150 crore share buyback at Rs 960 apieceBusinessToday
• Transport Corp approves ₹960 share buyback and $2 million China subsidiary investmentSahi
• Transport Corporation of India announces Rs 150 crore share buyback, China entryWhalesbook