Transport Corporation of India (TCI) has officially greenlit a share buyback program valued at Rs 150 crore. The company intends to repurchase 15.62 lakh equity shares, offering investors an 11% premium over the current market price to drive long-term value.
Beyond the capital restructuring, the company is pivoting toward aggressive international growth. The board has sanctioned the formation of a brand-new subsidiary in China, a strategic move designed to integrate the company into one of the world's most critical trade hubs.
This dual approach reflects TCI's dual focus on capital efficiency and geographic diversification. By strengthening its logistics footprint in major overseas corridors, the firm aims to capture greater market share in the evolving global supply chain landscape.
