Transport Corporation of India buyback at ₹960 a share, 1.87 times tendered

The buyback in numbers

Tender results by category

Small shareholders in the reserved category tendered 358,736 equity shares against the 234,375 reserved for them. Other eligible shareholders in the general category tendered 2,569,654 shares against 1,328,125 reserved.

In total, the Registrar considered 7,352 valid bids for 2,928,390 equity shares, a response of 187.42% of the 1,562,500 shares in the buyback.

Settlement and extinguishment

The Clearing Corporations completed settlement of accepted bids on 28 Oct 2026, and accepted demat shares were transferred to the Company Demat Account the same day. No physical shares were tendered.

The extinguishment of the 1,562,500 accepted shares is to be completed on or before 30 Oct 2026.

Share capital and promoter holding after the buyback

Issued and fully paid-up share capital was 76,831,142 equity shares before the buyback and is 75,268,642 equity shares after completion, subject to extinguishment. The promoter and promoter group holding rose from 68.66% to 70.08% of the equity share capital, according to the filing's shareholding table.

What the buyback means for Transport Corporation of India's shareholders

Eligible shareholders other than promoters were offered to sell shares back at ₹960 each, and the accepted shares will reduce the share count by 1,562,500 once extinguished. The filing does not say why the Company carried out the buyback, how the ₹960 price compares with the market price, or what effect it will have on earnings.

The next dated step is the extinguishment of the accepted shares on or before 30 Oct 2026.

Reference: Original filing (PDF)