Transport Corp shares hit a day high of Rs 880, on 29 September after its board approved a Rs 150 crore share buyback.

A buyback simply means a company buys its own shares back from investors. TCI will pay Rs 960 for each share.

The company will use a tender offer, where it invites shareholders to offer their shares at a fixed price.

The plan covers up to 1.56 million shares, which is 2.03% of the company’s paid-up equity. Eligible shareholders can take part on a proportionate basis.

Promoters have said they will stay out. The record date, which decides who is eligible, is 9 October 2026.

A buyback committee will run the process. It can raise the price, but the number of shares bought would then fall, so the total stays at Rs 150 crore.

The company will share full timelines in a public announcement and letter of offer later. The same board meeting cleared something else.

TCI will set up a wholly owned subsidiary in China, with an initial commitment of up to $2 million. The unit will handle logistics and supply chain work.

The company plans to base it in a free trade zone in Shanghai or Shenzhen, to support a freight route linking India, China and the Far East.

The company’s net worth stood at about Rs 2,556 crore in March 2026, and it held Rs 317 crore in cash and current financial assets.

After its June quarter results, TCI said it is aiming for 10% to 12% revenue growth in FY27. TCI also declared a dividend of Re 1 per share, with 17 July as the record date.

On NSE on 29 September, the stock closed at Rs 868.70, up Rs 3.85 or 0.45% from the previous close of Rs 864.85.

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