Economy
Transport Corporation of India Board Approves First-Ever ₹150 Crore Share Buyback
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THE BRIEF
1
Transport Corporation of India announced a board-approved proposal to buy back up to 1.56 million equity shares at ₹960 per share, totaling up to ₹150 crore.
2
The buyback price represents a 10.6% premium over the company's Tuesday closing price of ₹868, with Friday, October 9, 2026, set as the record date.
3
The board also approved incorporating a wholly owned subsidiary in China with an initial financial commitment of up to USD 2 million.