Transport Corp announces ₹960 share buyback and $2 million investment
after close1 source ↓written by the desknot a recommendation
- buyback
- ₹150 crore
- buyback
- ₹960 per share
- in a new
- $2 million
Transport Corporation of India Ltd. (TCI) approved a ₹150 crore buyback at ₹960 per share, excluding promoters. Additionally, TCI is investing $2 million in a new wholly owned subsidiary in China to enhance cross-border logistics between India and the Far East. This strategic move aims to strengthen TCI's market position in the region.
Not investment advice. For informational purposes only.