Transport Corp board approves Rs 150 crore share buyback at 11% premium

Transport Corporation’s board has approved a Rs 150-crore share buyback and the incorporation of a wholly owned subsidiary in China as part of its international expansion plan.

At a meeting held on September 29, the board approved the buyback of up to 15.62 lakh fully paid-up equity shares with a face value of Rs 2 each at Rs 960 per share. The buyback price represents an 11% premium over current market levels.

The proposed buyback represents up to 2% of the company’s total paid-up equity share capital. The aggregate buyback size will not exceed Rs 150 crore, excluding transaction costs such as brokerage, taxes, filing fees, legal fees, public announcement expenses and other related costs.


The company said the buyback size represents 6.76% of its aggregate fully paid-up equity share capital and free reserves on a standalone basis and 6.15% on a consolidated basis, based on its audited financial statements as of March 2026.

The buyback will be carried out through the tender offer route on a proportionate basis. It will be open to all eligible equity shareholders and beneficial owners as of the record date, except promoters, promoter group members and any other shareholders specifically prohibited under applicable laws.

The company has fixed October 9 as the record date to determine shareholders eligible to participate in the buyback.

The promoters and promoter group have informed the company that they do not intend to participate in the buyback. The offer will therefore be available to eligible public shareholders, subject to applicable regulations.

A buyback committee has also been formed and authorised to take the necessary steps to execute the process.

Separately, the board approved the incorporation of a wholly owned subsidiary in the People’s Republic of China. The company said the move is in line with its strategy to expand its international logistics network across key global trade corridors.

The proposed subsidiary is aimed at strengthening the company’s presence in global logistics markets. China is one of the world’s largest manufacturing and trade hubs, and a local subsidiary could help the company deepen its relationships with customers and partners and expand its reach across regional trade routes.

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