Transport Corporation of India has approved a share buyback worth ₹1,500 crore and the incorporation of a wholly owned subsidiary in China. The buyback price is set at ₹960 per share with October 9, 2026, as the record date.

Buyback details

The company's buyback will be conducted through the tender offer mechanism. The Board of Directors, in its meeting held on September 29, 2026, approved the proposal to buy back up to 1,562,500 fully paid-up equity shares. This represents up to 2.03% of the total number of equity shares in the paid-up equity share capital.

The aggregate amount for the buyback will not exceed ₹1,500 crore (INR 1,500,000,000). This amount is equivalent to 6.76% and 6.15% of the aggregate of the fully paid-up equity share capital and free reserves as per the latest audited standalone and consolidated financial statements as at March 31, 2026, respectively.

The buyback is proposed from all equity shareholders on the record date, excluding promoters and members of the promoter group. The promoters have expressed their intention not to participate in the buyback.

China subsidiary expansion

In line with its strategy to expand its international logistics network, the company also approved the incorporation of a wholly owned subsidiary (WOS) in the People's Republic of China. The proposed entity will be established as a Wholly Owned Foreign-Owned Enterprise (WFOE) in the form of a Limited Liability Company.

The subsidiary aims to support an integrated India–China–Far East logistics corridor, with an initial focus on operations in Free Trade Zones in Shanghai or Shenzhen. The overall financial commitment for this venture is up to $2 million, which may include equity contribution, loans, or guarantees.

About the buyback route

The tender offer route is a structured mechanism through which a company invites its existing shareholders to tender their shares at a specified price within a defined timeframe. This approach provides shareholders with a direct opportunity to participate in the buyback process at the announced price.

What the Numbers Show

The buyback size of ₹1,500 crore represents a significant return of capital, accounting for over 6% of the company's free reserves on both standalone and consolidated bases. Simultaneously, the $2 million investment in the Chinese subsidiary signals a strategic pivot toward strengthening cross-border logistics capabilities, balancing immediate shareholder returns with long-term international expansion.

Transport Corporation of India has set a revenue growth target of 10-12% for FY27, signaling a defined financial objective for the upcoming fiscal year. The announcement underscores the company's focus on sustaining business momentum within the logistics and supply chain sector.

Revenue Growth Target

The company has outlined a goal to achieve a 10-12% increase in revenue for FY27. The following table summarizes the key detail disclosed:

This target represents the company's stated ambition for the fiscal year, as communicated through official channels. No further breakdown of segment-wise revenue expectations or operational metrics was provided in the available source data.