Transport Corp approves ₹150 crore buyback at ₹960 a share
In short
Transport Corporation of India approved a ₹150 crore share buyback at ₹960 per share. The plan covers up to 2.03% of paid-up equity, and promoters will not take part.
Eligible shareholders will be determined on October 9. The report does not say when the buyback starts or how the stock moved.
What the reporting says
Transport Corporation of India approved a ₹150 crore share buyback at ₹960 per share, covering up to 2.03% of its paid-up equity. The publisher summary says promoters will not participate and that eligible shareholders will be determined on October 9. The reporting does not say when the tender offer will open or how the market reacted.
Why it matters
Transport Corporation of India approved a ₹150 crore share buyback priced at ₹960 per share, covering up to 2.03% of paid-up equity. Promoters will not participate, and eligible shareholders are to be determined on October 9. The move matters for shareholders and the stock because buybacks can support valuation, but the reporting does not provide execution timing or market reaction.