TCI Approves China Subsidiary, ₹150 Crore Share Buyback at ₹960/Share
Transport Corporation of India Limited approved incorporating a wholly owned subsidiary in China with a commitment of up to USD 2 Million. The company also approved a share buyback of up to 1,562,500 shares at ₹960 per share, totaling ₹150 crore. The record date for the buyback is October 9, 2026.
The share buyback of a significant size (₹150 crore) and the strategic expansion into China are material events that are likely to have a considerable impact on the company's stock performance and future operations.
The company is expanding its international presence by incorporating a subsidiary in China and initiating a share buyback program, which are generally viewed positively by the market as they indicate growth and shareholder value enhancement.
Transport Corporation of India Limited (TCI) announced on September 29, 2026, that its Board of Directors has approved the incorporation of a Wholly Owned Subsidiary (WOS) in the People's Republic of China. This strategic move aims to expand the company's international logistics network across key global trade corridors. The WOS will be a Limited Liability Company (LLC) and will focus on logistics and supply chain activities, potentially establishing operations in Shanghai or Shenzhen's Free Trade Zones. The financial commitment for this venture is up to USD 2 Million.
Furthermore, the Board has approved a share buyback proposal for up to 1,562,500 equity shares, representing 2.03% of the paid-up capital. The buyback will be conducted at a price of ₹960 per share, for an aggregate amount not exceeding ₹150 crore (1,500,000,000). This buyback excludes shares held by promoters and the promoter group. A Buyback Committee has been formed to oversee this process.
The Record Date for determining shareholder eligibility for the buyback has been set as October 9, 2026. The promoters and promoter group have expressed their intention not to participate in the buyback. The board meeting commenced at 11:15 AM and concluded at 1:30 PM on September 29, 2026.
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Transport Corporation of India Limited filed this with the NSE as a statutory disclosure, categorised under other corporate actions. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Transport Corporation of India Limited. Read the original for the full detail.