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TCI Express Buyback 2022 Record Date, Price & Ratio Details

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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 RatioInvestmentShares BuybackProfit
33%₹156,5853214,240
50%₹156,5854821,360
75%₹156,5857332,485
100%₹156,5859743,165

TCI Express Financial Report

  ₹ in Crores
Year
RevenueExpensePAT
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

KFin Technologies Limited
KFintech, Tower-B, Plot No 31 & 32,
Financial District, Nanakramguda, Gachibowli,
Hyderabad, Telangana India – 500 032.
Phone: 04067162222, 04079611000
Website: https://karisma.kfintech.com/

TCI Express Buyback 2022 Lead Managers

  • Motilal Oswal Investment Advisors Pvt Ltd

TCI Express Company Address

TCI Express Limited
Flat Nos 306 & 307 1-8-273,
Ashoka Bhoopal Chambers, Third Ficar,
S.P Road, Secunderabad, 500003
Phone: +91 124 2384090 – 9
Website: https://www.tciexpress.in/

How to Apply the TCI Express Buyback through Zerodha?

Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on Corporate Actions. You will see the Company Name “TCI Express”. Click on Place Order. Enter your Quantity and submit TCI Express Buyback Application Form.

How to Apply the TCI Express Buyback through Upstox?

Log in to Upstox Application with your credentials. Select the TCI Account Section. You will see the Company Name “TCI Express”. Click on TCI Express Stock for Buyback. Enter your Quantity and submit TCI Express Buyback Application Form.

How to Apply the TCI Express Buyback through Paytm Money?

Log in to Paytm Money Application with your credentials. Select the TCI Express. Enter your Quantity and submit TCI Express Buyback Application Form.

TCI Express Buyback 2022 FAQs


When is TCI Express Buyback 2022 Record Date?

TCI Express buyback 2022 record date is Open Market.

When is TCI Express Buyback 2022 Open Date?

TCI Express buyback 2022 open date is August 18, 2022.

What is TCI Express Buyback 2022 Price?

The company has fixed the price at ₹2,050 per share.

How to apply for TCI Express Buyback 2022?

As per the record date you need to have TCI Express shares in your Demat TCI Account. You can participate in buyback after having the stock in your Demat Account.

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