TCI Express buyback 2022 was announced on May 27, 2022. The TCI Express buyback open date is August 18, 2022 and will close on February 13, 2023. TCI Express buyback record date is not fixed as it is an Open Market buyback offer. The investor should buy the TCI Express shares before the record date to get eligibility for the buyback.
TCI Express Buyback of ₹75 crores approved by the board of directors at the meeting was held on June 28, 2022. TCI Express Buyback will be done via the Open Market route through the stock exchange mechanism. The board of directors of the company approved the buyback by the Company of its fully paid-up equity shares having a face value of ₹2 each equity share at a price not exceeding ₹2,050 per Equity Share and for an aggregate amount not exceeding ₹75 crores from the shareholders. Check out TCI Express Buyback 2022 details below:
TCI Express Limited was incorporated in 1996. They are logistics company offering door to door express logistics services around the globe. They are one of the foremost divisions of Transport Corporation of India (TCI), India’s most admired logistics company. They provide the express delivery services via surface express, domestic air express, international air express, reverse express, E-commerce, C2C Express, rail express and cold chain express. TCI Express is the only express cargo company in India having its own set up across India reinforced with a team of over 3500+ professionals and more than 40000 pickup and delivery locations.
TCI Express Buyback 2022 Dates
| Buyback Meeting Date: | May 27, 2022 |
| Buyback Announcement Date: | May 27, 2022 |
| Buyback Record Date: | Open Market |
| Buyback Open Date: | August 18, 2022 |
| Buyback Close Date: | February 13, 2023 |
| Finalization of Buyback TCI Acceptance: | N/A |
TCI Express Buyback 2022 Offer Details
TCI Express buyback of 3,65,853 equity shares at a price of ₹2,050 per equity share. The buyback offers are not to exceed ₹75 crores of the total buyback offer size.
| Offer Amount: | ₹75 Crores |
| Number of Shares: | 3,65,853 Equity Shares |
| Face Value: | ₹2 per equity share |
| Buyback Price: | ₹2,050 per equity share |
| Listing: | BSE |
| Buyback Type: | Open Market |
| Letter of Offer: | Click Here |
TCI Express Buyback 2022 TCI Acceptance Ratio
The investor should buy around 97 shares at a current market price of ₹1,605 (as of May 27, 2022). The calculation will be ₹2,00,000 / ₹2,050 buyback price = 97 shares.
| TCI Acceptance Ratio | Investment | Shares Buyback | Profit |
| 33% | ₹156,585 | 32 | ₹14,240 |
| 50% | ₹156,585 | 48 | ₹21,360 |
| 75% | ₹156,585 | 73 | ₹32,485 |
| 100% | ₹156,585 | 97 | ₹43,165 |
TCI Express Financial Report
| ₹ in Crores | |||||
| Year | Revenue | Expense | PAT | ||
| 2020 | ₹1,036 | ₹912 | ₹89 | ||
| 2021 | ₹852 | ₹710 | ₹101 | ||
| 2022 | ₹1,090 | ₹908 | ₹129 | ||
How to Participate in TCI Express Buyback 2022
The investors are eligible for the buyback scheme who have TCI Express shares in their Demat TCI Account as the Open Market. Eligible Share Holders can participate in the TCI Express Buyback 2022 scheme as per the opening form by selling their shares. The payment will be given as per the TCI Accepted shares by the company under the TCI Express buyback scheme.
TCI Express Buyback 2022 Registrar
TCI Express Buyback 2022 Lead Managers
- Motilal Oswal Investment Advisors Pvt Ltd
