Transport Corporation buyback opens at ₹960
Transport Corporation of India opened its ₹150 crore buyback on 15 Oct 2026 at ₹960 per share, covering up to 1,562,500 shares. OI Charts data showed the stock closing at ₹874.70, up 3.29%, about 9.7% below the tender price.
pre-market1 source ↓machine-written, see hownot a recommendation
- TCI close
- ₹874.70
- On the day
- +3.29%
- 52-week high
- ₹1,242
- 52-week low
- ₹797.00
Transport Corporation of India opened its share buyback on 15 Oct 2026, allowing eligible shareholders to tender shares at ₹960 each. The offer covers up to 1,562,500 shares, representing approximately 2.03% of the company’s paid-up equity capital as of 31 Mar 2026. The maximum buyback consideration is capped at ₹150 cr.
The record date was 9 Oct 2026, determining which shareholders were eligible to participate. The tender window closes on 22 Oct 2026 through the stock exchange mechanism. Shareholders who were eligible on the record date will need to complete their bids within the offer period; the final number of shares accepted will depend on the response and the applicable entitlement and acceptance process. 📅
The ₹960 offer price stands above the stock’s latest market close. OI Charts data showed the shares closing at ₹874.70 on 15 Oct, up 3.29% for the session, leaving the buyback price at a premium of about 9.7% to that close. Trading volume was 27,548 shares. The stock had gained 5.8% over 20 sessions, while its five-session move was a 0.3% decline, indicating a recent recovery after a largely range-bound short-term performance. 🚚
For the logistics and transportation sector, the buyback provides a defined corporate action and may support near-term investor attention around the spread between the market price and the tender price. It does not, by itself, change operating earnings, freight demand or industry capacity. The company’s 52-week range was ₹797 on 22 Sep 2026 to ₹1,242 on 29 Oct 2025, placing the latest close closer to the lower end of that range than to its yearly peak.
Traders will watch the stock’s response as the tender window progresses, the level of shareholder participation and the company’s subsequent acceptance and settlement disclosures. The key reference points are the ₹960 buyback price, the 22 Oct closing date and the final number of shares repurchased. The offer size also means the market’s reaction will depend on acceptance outcomes rather than only on the headline tender price.
Source: scanx.trade, 15 Oct 2026
Not investment advice. For informational purposes only.