Transport Corporation of India Limited announces an Equity Buyback for 1,333,333 shares, representing 1.72% for INR 1,600 million.

Transport Corporation of India Limited (NSEI:TCI) announces a share repurchase program. Under the program, the company will repurchase up to 13,33,333 shares, representing 1.72% of the total number of equity shares, for INR 1,599 million. The shares will be repurchased at a price of INR 1,200 per share.

The company has fixed September 4, 2024, as the record date for the offer. The repurchase program is valid till September 17, 2024. As of August 24, 2024, the company has 77,744,300 shares in issue.