TCI Approves Rs 150 Cr Buyback at Rs 960/Share, Stock Recovers Sharply

• by Akanksha Mishra
• 2026-09-29 15:45:00

Transport Corporation of India (TCI), a prominent logistics solutions provider listed on the BSE 1000 index, has injected fresh momentum into the stock market by announcing a major share buyback alongside strategic international expansion plans. The corporate development triggered immediate buying interest among investors, helping the stock erase earlier intraday losses and rally nearly four percent from its day's lows during Tuesday's trading session.

Key Details of the TCI Rs 150 Crore Buyback

During its scheduled board meeting held on September 29, 2026, the directors of Transport Corporation of India cleared the capital restructuring proposal:

Total Buyback Outlay: The company will allocate up to Rs 150 crore for the share buyback program.

Pricing and Volume: The buyback price has been fixed at Rs 960 per share, covering a maximum of 15,62,500 equity shares, which translates to approximately 2.03 percent of the company's total paid-up equity capital.

Route and Record Date: The process will be executed via the tender offer route. The board has fixed October 9, 2026, as the official record date to determine eligible shareholders.

Promoter Participation: The promoter and promoter group have formally expressed their intention to stay out of the buyback, allowing individual public shareholders to increase their proportionate participation.

Expanding Global Footprint with a New China Subsidiary

In addition to the capital return initiative, the TCI board greenlit plans to establish a wholly-owned subsidiary in China. The proposed overseas entity will focus on advancing logistics and supply chain management services, further strengthening the company's international operational network and cross-border capabilities. Market analysts noted that the dual announcement reflects strong corporate confidence and proactive growth strategies.

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