TCI announces buyback at INR 960 per share, up to 150 crore

Buyback Premium Above 10pctCorporate Actions View source PDF Explain this filing

TCI · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

+0.6%1-day move

₹874.80

prior close

₹874.95

base price

After-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

+0.3+0.0+0.1-0.3+0.6+1.3+1.3-0.1——————

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AI summary

Transport Corporation of India has announced a buyback of up to 15,62,500 equity shares (2.03 percent of total) at INR 960 per share, totalling up to INR 150 crore. Buyback via tender offer route on proportionate basis. Price represents about 11 percent premium over closing price on Sept 28. Record date is October 9, 2026. Promoter group (holding 68.66 percent) will not participate. Buyback funded from free reserves, within 10 percent statutory limit (6.76 percent standalone).

Likely market impact

Positive signal. Buyback at 11 percent premium shows management confidence in valuation. Reduces share count, supports EPS. Small shareholders get priority.