Last updated on September 7, 2024
Transport Corporation Of India Buyback Record Date is 4 September 2024.Â
Transport Corporation of India is engaged in the Business of Freight Transport, Supply Chain Solutions, and Transport through Seaways. It provides an array of end-to-end logistics and supply chain solutions in India and SAARC countries through multiple modes, including road, rail, and sea.
Transport Corporation of India provides a wide range of customized services in Warehousing, Port Logistics, Freight Forwarding, Coastal Shipping, End-to-End Supply Chain Solutions, Integrated Multimodal Solutions across various verticals like Automobiles, Retail and CP, Hi-tech, Healthcare/ Lifesciences and a few more.
The company owns modern warehouse equipment to manage 14 Mn Sq ft. of warehousing space. Additionally, it has a customised fleet of 1,200+ trucks and trailers, owns 3 Automobile Trains, operating under the AFTO Rail scheme, and owns 6 ships with 8000+ GP containers. Also has a set-up of 25 strategically located hubs across India with 700+ IT-enabled-owned offices.
Transport Corporation Of India Buyback Record Date, Other Details
| Transport Corporation Of India Buyback Dates | 10 – 17 September 2024 |
| Transport Corporation Of India Buyback Price | INR 1,200 per share |
| Market Price on Buyback Approval | INR 1,101.85 per share |
| Buyback Premium on Market Price | 8.91% |
| Buyback Offer Size (Shares) | 13,33,333 shares |
| Buyback Offer Size (Amount) | INR 160 crore |
| Offer Type | Tender |
| Promoter Participation | Yes |
| Face Value | INR 2 per share |
| Listing At | BSE, NSE |
Transport Corporation Of India Buyback Dates (Timeline)
| Board Meeting Intimation for Buyback Proposal | 24 August 2024 |
| Buyback Approval Date | 24 August 2024 |
| Public Announcement of Buyback | 27 August 2024 |
| Transport Corporation Of India Buyback Record Date | 4 September 2024 |
| Buyback Opening Date | 10 September 2024 |
| Buyback Closing Date | 17 September 2024 |
| Cut-off Date to receive completed tender forms by Registrar | 17 September 2024 |
| Verification Date by the Registrar | 20 September 2024 |
| Return of unaccepted shares by Registrar | 24 September 2024 |
| Extinguishment of accepted shares | 4 October 2024 |
Transport Corporation Of India Buyback 2024 Documents
Letter of Offer
Public Announcement
Board Approval
Upcoming Share Buyback
Transport Corporation Of India Buyback Entitlement Ratio
| Shareholder Category | Entitlement Ratio | Entitlement Ratio (in %) |
| Small Shareholders (less than INR 2 Lakh on record date) | 9/71 | 12.68 |
| General category (for all other Eligible Shareholders) | 12/763 | 1.57 |
A small shareholder is defined as a shareholder who holds shares worth less than INR 2,00,000 as of the record date.
Transport Corporation Of India Financial Performance
| FY 2022 | FY 2023 | FY 2024 | |
| Total Income | 2,904.56 | 3,430.20 | 3,613.80 |
| Total Expenses | 2,525.02 | 3,032.86 | 3,234.90 |
| Net income | 267.43 | 303.51 | 327.90 |
Calculation of Investment in Buyback
| Maximum market value of a share holder as on record date | INR 2,00,000 |
| Buyback price per share | INR 1,200 |
| Maximum shares for small shareholders (2,00,000/1,200) | 167 shares* |
| The closing price of the stock as of 26 August 2024 | 1,101.85 |
| Maximum amount invested in buyback (INR 1,101.85 x 167 shares) | 1,84,009 |
**Â For simplicity, we have considered the price on the buyback approval date
Transport Corporation Of India Buyback Acceptance Ratio
| Shares Tendered | Buyback Entitlement | Acceptance ratio | Buyback Profit | Profit in % |
| 167 | 22 | 22 (100%) | 22,440 | 74.65 |
| 167 | 22 | 44 (200%) | 44,880 | 149.30 |
| 167 | 22 | 66 (300%) | 67,320 | 223.95 |
Registrar of Transport Corporation Of India Buyback 2024
KFIN TECHNOLOGIES LIMITED
Selenium Tower – B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana
Tel:Â +91 40 6716 2222 / 18003094001
E-mail:Â [email protected]
Website:Â www.kfintech.com
Manager of Transport Corporation Of India Buyback 2024
AMBIT PRIVATE LIMITED
Ambit House, 449, Senapati Bapat Marg,
Lower Parel, Mumbai 400013, Maharashtra
Telephone:Â +91 22 6623 3030
Email:Â [email protected]
Website:Â www.ambit.co
The Process to Participate in Transport Corporation Of India Buyback
All eligible shareholders of the company who own shares in the physical or demat form on the record date may participate in the buyback offer through their stockbroker. The eligible shareholders who hold the shares in demat form must notify their brokers of the details of the equity shares that they wish to tender in the buyback offer.
The shareholder must transfer the tendered shares to the clearing corporation’s Special account. In turn, the broker would place a buyback order on the stock exchange.
The eligible shareholders who own the shares in physical form must present their broker with the original share certificates and supporting documents. After document verification is complete, the broker places an order on the stock exchange and submits the original share certificate and TRS (Transaction Registration Slip) to the registrar.
Frequently Asked Questions
What are Transport Corporation Of India buyback dates?
Transport Corporation Of India share buyback opens on 10 September 2024 and closes on 17 September 2024.
Which type of buyback is Transport Corporation Of India buyback offer?
Transport Corporation Of India buyback is a tender offer.
What is Transport Corporation Of India buyback price?
Transport Corporation Of India buyback price is INR 1,200 per share.
What is Transport Corporation Of India buyback record date?
Transport Corporation Of India buyback record date is 4 September 2024.
How to participate in Transport Corporation Of India share buyback?
Transport Corporation Of India Care share buyback will be conducted through the tender process and investors who hold the shares on record date can place orders through their broker.
