Transport Corporation of India board approves ₹150 crore buyback at ₹960 a share
TCI's board approved a tender-offer buyback of 15,62,500 shares at ₹960 each, worth ₹150 crore, on 29 September 2026. Record date is 9 October; promoters will not participate. The board also cleared a China subsidiary.
Transport Corporation of India Limited (TCI) said on 29 September 2026 that its board had approved a buyback of its own shares worth ₹150 crore. The company will repurchase 15,62,500 fully paid-up equity shares at ₹960 per share through the tender offer route. The record date to determine which shareholders are eligible is 9 October 2026.
Key terms
| Item | Detail |
|---|---|
| Board approval | 29 September 2026 |
| Aggregate size | ₹150 crore |
| Price | ₹960 per equity share |
| Shares to be bought back | 15,62,500 |
| Share of paid-up equity capital | 2.03% |
| Route | Tender offer, from eligible shareholders as on the record date |
| Record date | 9 October 2026 |
| Lead manager | ICICI Securities Limited (as reported by IPO Watch) |
The company said the buyback equals 6.76% of the aggregate paid-up equity capital and free reserves on a standalone basis as of 31 March 2026, and 6.15% on a consolidated basis.
Promoters
The promoters and promoter group communicated to the company on 29 September 2026 that they will not take part in the buyback.
China subsidiary
At the same meeting the board approved setting up a wholly owned subsidiary in China, structured as a limited liability company, for the company’s India–China–Far East logistics business. Initial operations are planned in a free trade zone in Shanghai or Shenzhen, with an investment of up to US$2 million, according to ScanX.
What a tender-offer buyback is
In a tender offer, a company invites shareholders on the record date to offer shares at a fixed price. If more shares are offered than the company intends to buy, it accepts them in proportion, so a holder may have only part of the offered shares accepted. The opening and closing dates of the tender period had not been reported at the time of writing.
Basis of these figures
Figures are from Business Today, IPO Watch and ScanX reports of the 29 September 2026 board outcome. All three give the price (₹960), the share count (15,62,500) and the record date (9 October 2026); Business Today and IPO Watch give the size as ₹150 crore (ScanX prints ₹1,500 crore, which does not match 15,62,500 shares at ₹960). The percentages and the promoters’ non-participation are from Business Today and ScanX, the US$2 million China investment cap is from ScanX, and the lead manager is from IPO Watch only. The company’s filing with the exchanges was not opened for this article, so the figures are secondary reporting. This article reports the announced terms only and carries no view on the buyback or on the company’s shares.