Transport Corporation Approves ₹150 Crore Share Buyback

Transport Corporation of India Limited has approved its first-ever equity share buyback. The company’s board cleared the proposal on 29 September 2026. Under the plan, the company will buy back up to 15.62 lakh fully paid-up equity shares with a face value of ₹2 each. The shares will be purchased at ₹960 per share.

The proposed buyback is valued at up to ₹150 crore. It represents around 2.03% of the company’s total paid-up equity share capital. The buyback price is also about 10.6% higher than the company’s closing share price of ₹868 on 29 September 2026.

Record Date And Buyback Details

Transport Corporation of India has fixed Friday, 9 October 2026, as the record date. The date will determine which shareholders are eligible to participate in the buyback.

The company will conduct the buyback on a proportionate basis through the tender offer route using the stock exchange mechanism. Promoters and members of the promoter group have indicated that they will not participate in the buyback.

Based on the latest audited financial statements for the year ended 31 March 2026, the buyback represents 6.76% of the aggregate paid-up equity share capital and free reserves on a standalone basis. On a consolidated basis, the figure stands at 6.15% of the corresponding amount.

Company To Set Up China Subsidiary

Alongside the buyback announcement, the company also approved the incorporation of a wholly owned subsidiary in China.

The proposed subsidiary is intended to strengthen the company’s international logistics network. It will also support the development of an integrated India–China–Far East logistics corridor.

The company plans to initially establish operations in a Free Trade Zone in either Shanghai or Shenzhen. Transport Corporation has proposed an overall financial commitment of up to US$2 million, or its equivalent in another freely convertible foreign currency.

The investment may be made in one or more tranches, depending on business requirements and applicable regulations. Once incorporated, the new entity will be fully owned and controlled by Transport Corporation of India.

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