Transport Corporation Of India of ₹160 crores approved by the board of directors at the meeting was held on August 24, 2024. Transport Corporation Of India will be done via the Tender Offer 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 of ₹1200 per Equity Share and for an aggregate amount not exceeding ₹160 crores from the shareholders. Check out Transport Corporation Of India Buyback 2024 details below:
Transport Corporation of India Limited (TCI) has over 60 years of industry experience and is a market leader in integrated logistics and supply chain solutions. It provides specialized, multimodal services that maximize effectiveness and guarantee smooth functioning. The company is involved in almost every possible logistics service like 3PL/4PL logistics, port logistics and EXIM & CHA services, temperature-sensitive cargo handlings, liquid & gas bulk logistics, heavy haulage, etc. Their other capabilities include warehousing, coastal shipping, rail & container movement as well as regional operations across SAARC and the Middle East – all these ensure that logistics are dependable, fast to respond to changes and support growth initiatives.
Transport Corporation Of India History
Transport Corporation Of India Buyback 2024 Dates
| Buyback Meeting Date: | August 24, 2024 |
| Buyback Announcement Date: | August 24, 2024 |
| Buyback Record Date: | September 4, 2024 |
| Last Date to Buy Shares: | September 3, 2024 |
| Buyback Open Date: | 2024 |
| Buyback Close Date: | 2024 |
| Finalization of Buyback Acceptance: | 2024 |
Transport Corporation Of India Buyback 2024 Offer Details
Transport Corporation Of India of 1,333,333 equity shares at a price of ₹1200 per equity share. The buyback offers not to exceed ₹160 crores of the total buyback offer size.
| Offer Amount: | ₹160 Crores |
| Number of Shares: | 1,333,333 Equity Shares |
| Face Value: | ₹2 per equity share |
| Buyback Price: | ₹1200 per equity share |
| Listing: | BSE, NSE |
| Buyback Type: | Tender Offer |
| Letter of Offer: | Click Here |
Transport Corporation Of India Buyback 2024 Acceptance Ratio
The investor should buy around 166 shares at a current market price of ₹1149 (as of date). The calculation will be ₹2,00,000 / ₹1200 buyback price = 166 shares.
| Acceptance Ratio | Investment | Shares Buyback | Profit |
| 33% | ₹190734 | 55 | ₹2805 |
| 50% | ₹190734 | 83 | ₹4233 |
| 75% | ₹190734 | 124 | ₹6324 |
| 100% | ₹190734 | 166 | ₹8466 |
Transport Corporation Of India Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2022 | ₹2,935.70 | ₹2,632.61 | ₹267.43 |
| 2023 | ₹3,492.49 | ₹3,148.63 | ₹303.51 |
| 2024 | ₹3,713.47 | ₹3,353.71 | ₹327.91 |
How to Participate in Transport Corporation Of India Buyback 2024
The investors are eligible for the buyback scheme who have Transport Corporation Of India shares in their Demat Account as the Record Date. Eligible Share Holders can participate in the Transport Corporation Of India Buyback 2024 scheme as per the opening form by selling their shares. The payment will be given as per the Transport Corporation Of Indiaepted shares by the company under the Transport Corporation Of India scheme.
Transport Corporation Of India Buyback 2024 Registrar
Kfin Technologies Limited
KFintech, Tower-B, Plot No 31 & 32,
Financial District, Nanakramguda, Gachibowli,
Hyderabad, Telangana India – 500 032.
Phone: 04067162222, 04079611000
Email: [email protected]
Website: https://kosmic.kfintech.com/ipostatus/
Transport Corporation Of India Buyback 2024 Lead Managers
- Ambit Private Limited
Transport Corporation Of India Company Address
Transport Corporation Of India Limited
69, Institutional Area,
Sector-32,
Gurgaon – 122001
Phone: +91-124-2381603
Email: [email protected]
Website: https://tcil.com/
How to Apply the Transport Corporation Of India 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 “Transport Corporation Of India”. Click on Place Order. Enter your Quantity and submit Transport Corporation Of India Application Form.
How to Apply the Transport Corporation Of India through Upstox?
Log in to Upstox Application with your credentials. Select the Transport Corporation Of India. You will see the Company Name “Transport Corporation Of India”. Click on Transport Corporation Of India Stock for Buyback. Enter your Quantity and submit Transport Corporation Of India Application Form.
How to Apply the Transport Corporation Of India through Transport Corporation Of India Paytm Money?
Log in to Paytm Money Application with your credentials. Select the Transport Corporation Of India. Enter your Quantity and submit Transport Corporation Of India Application Form.
