Transport Corporation Of India Buyback 2024

Transport Corporation Of India Ltd. Buyback

Transport Corporation Of India Buyback 2024
Tender Offer

₹1,200.00

Buyback price per share

About Transport Corporation Of India Ltd. Buyback

Transport Corporation of India Limited (TCI), formerly known as TCI Industries Limited, offers multimodal solutions tailored to the needs of logistics

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Transport Corporation Of India Ltd. Buyback Details

Security Name

Transport Corporation Of India Ltd.

Buyback Price

₹1,200.00

Face Value

₹2.00

Listing at Group

BSE, NSE

Lead Manager

Ambit Private Limited

Buyback Docs

Letter Of Offer

Issue Size

1,333,333 (1.72 % of Total number of equity Shares)

Transport Corporation Of India Buyback 2024 Issue Timetable

Last Date to buy sharesRecord DateOffer Opens OnOffer Closes On *
Sep 3, 2024Sep 4, 2024Sep 10, 2024Sep 17, 2024
Last Date for receipt of Tender FormsFinalisation of Buyback AcceptanceLast Date for settlement of bidsLast Date for Extinguishment of Shares
Sep 17, 2024Sep 23, 2024Sep 24, 2024Oct 4, 2024

Transport Corporation Of India Ltd. Buyback Ratio

CategoryEntitlement Ratio of BuybackShares Offered
Reserved Category for Small Shareholders9/71200000
General Category for all other Eligible Shareholders12/7631133333

Company Financials All values are in ₹ Cr.

Period Ended31-Mar-2431-Mar-2331-Mar-22
Profit After Tax279.75274.54274.57
Total Revenue2,271.542,034.91,958.55
Total Assets772.86859.56669.85
Reserves And Surplus------
Net Worth------
Total Borrowing------

How to Participate in Transport Corporation Of India Ltd. Buyback?

1. Firstly, to be eligible for the buyback the investor should have shares of Transport Corporation Of India Ltd. Buyback in Demat or physical form as on the record date Sep 4, 2024.

2. Once you have shares in Demat, you can participate in the buyback process which is opening from Sep 10, 2024 by selling your shares through your broker on BSE, NSE.

3. Then on Oct 4, 2024, the payment will be given to you for accepted shares and unaccepted shares will be returned to your Demat account.

Calculation of Investment in Transport Corporation Of India Ltd. Buyback

Maximum market value of a share holder as on record date

₹200,000.00

Buyback price per share

₹1,200.00

Maximum share for small shareholders (200000/ 1200)

166.67 share

Closing price of stock as of 2024-08-26

₹1,101.85

Maximum amount insted in buyback (₹1,101.85 x 166.66666666666666 shares)

₹183,641.67

* No. of shares stands to change according to the closing price on the record date

* For simplicity, we have considered the price on date Aug 26, 2024


Expected Profit from the Transport Corporation Of India Ltd. Buyback on the bases of acceptance Ratio:

Acceptance Ratio

33%

50%

75%

100%

Amount Invested in Buyback

₹183,641.67

₹183,641.67

₹183,641.67

₹183,641.67

No. of Shares Buyback

55

83

125

166

Buyback Profit

5398

8146

12268

16292

Profit%

2.94%

4.44%

6.68%

8.87%

Transport Corporation Of India Ltd. Buyback - Necessity of the Objective

Company Contact Information

Transport Corporation Of India Ltd. Buyback

Kamla Centre, SCO 88-89, Sector 8-C, Chandigarh - 160009

Email: info@kddl.com

Phone: +91 172 2548223

Website: ttps://www.kddl.com/

Transport Corporation Of India Buyback 2024 Registrar

Kfin Technologies Limited

Phone: 04067162222, 04079611000