{
  "id": 10963672,
  "title": "Transport Corp announces key details for Rs 150 crore share buyback plan",
  "url": "https://urgent.news/2026/09/30/transport-corp-announces-key-details-for-rs-150-crore-share-buyback",
  "topic": "business",
  "section": "Business",
  "published": "2026-09-30T13:33:39.000Z",
  "source": {
    "name": "The Economic Times - Top News",
    "slug": "the-economic-times-top-news",
    "url": "https://economictimes.indiatimes.com/markets/stocks/news/transport-corp-announces-key-details-for-rs-150-crore-share-buyback-plan/articleshow/134595850.cms"
  },
  "original_language": "en",
  "account": "Transport Corporation of India (TCI) has announced plans for a share buyback of up to Rs 150 crore, utilizing a tender offer route. The record date for eligibility was set for October 9, 2026. Under this plan, TCI will repurchase up to 15.63 lakh shares, each with a face value of Rs 2, at Rs 960 per share. This buyback would constitute up to 2.03% of the company's paid-up equity share capital as of March 31, 2026. It represents 6.76% of the company's standalone paid-up equity share capital and free reserves, and 6.15% on a consolidated basis. Eligible shareholders, excluding promoters, will be able to participate through the tender offer route. The company intends to use its securities premium account, free reserves, or other permitted sources to fund the buyback, avoiding any borrowed funds. BSE will serve as the designated stock exchange for the offer, with ICICI Securities managing the buyback and ICICI Bank acting as the escrow agent. KFin Technologies is the appointed registrar for the offer.",
  "summary": "Transport Corporation of India will buy back up to 15.63 lakh shares for Rs 150 crore at Rs 960 each. The tender offer has October 9, 2026 as its record date, with 15% reserved for eligible small shareholders.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}