TRANSPORT CORPN OF INDIA (TCI)
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Transport Corp Board Approves Rs 150 Crore Buyback at 11% Premium
Transport Corporation of India's board has approved a Rs 150 crore share buyback at an 11% premium, with promoters opting not to participate. The stock gained 1.5% following the announcement, as the buyback is expected to enhance shareholder value and signal management confidence.
TCI board to consider share buyback, stock jumps 15%
TCI shares jump nearly 15% as board to consider share buyback proposal he company's board will meet on Tuesday, September 29, to consider a proposal for buyback of fully paid-up equity shares. Listen to This Article Transport Corporation of India’s share price gained nearly 15 per cent on Friday after the company announced a proposal for buyback of fully paid-up equity shares.
Transport Corporation of India surges 14% as board weighs buyback
Shares of Transport Corporation of India jumped as much as 14% on Friday after the company announced its board will meet to consider a buyback proposal. The sharp rally reflects investor optimism that a repurchase could boost shareholder value and support the stock price. The board meeting outcome is now the key near-term catalyst for the logistics firm.
Transport Corp announces ₹150 crore share buyback plan
The total buyback amount will not exceed Rs 150 crore, excluding taxes, brokerage, filing fees and other transaction-related expenses, according to the company’s exchange filing. The proposed buyback represents up to 2.03% of TCI’s paid-up equity share capital as of March 31, 2026. The buyback size equals 6.76% of the company’s standalone paid-up equity share capital and free reserves, and 6.15% on a consolidated basis.
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