GENERAL29 Sept 2026
Transport Corporation buyback approved: From price per share to record date - what investors need to know | Stock Market News
Transport Corporation of India has approved its first-ever share buyback — up to 15.62 lakh shares at ₹960 each, worth about ₹150 crore, or 2.03% of its equity. It also plans a wholly owned China subsidiary. Shareholders on the 9 October 2026 record date can tender shares; promoters will not take part, which may leave more shares for other investors. Check your holding before the record date.
Key Statutory Highlights
- The buyback covers up to 15.62 lakh equity shares at ₹960 each, paid in cash and totalling up to ₹150 crore.
- The ₹960 buyback price is a 10.6% premium over the stock's Tuesday closing price of ₹868 per share.
- The company has fixed Friday, 9 October 2026 as the record date for deciding which shareholders can take part.
Actionable Advice for Taxpayers / Founders:If you hold these shares and want to join the buyback, check your demat holding against the 9 October 2026 record date and follow your broker's tender offer process. Before deciding, please confirm with a certified expert, since this is not investment advice.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
Share: