TCI board approves share buyback at INR 960 each, total size up to INR 150 crore
TCI · price
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On the reaction day the stock moved 1.7 pts more than Nifty Microcap 250 and 1.5 pts more than its Logistics Solution Provider peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Board approved buyback of up to 15,62,500 equity shares (around 2 percent of paid-up capital) at INR 960 per share through tender offer route. Total size up to INR 150 crore. Promoters will not participate. Record date is October 9, 2026. ICICI Securities is the manager, KFin Technologies is the registrar.
Buyback signals management confidence and returns cash to shareholders. Eligible shareholders can tender shares; may support stock price in the near term.