Transport Corporation Of India Ltd. Buyback
Transport Corporation Of India Buyback 2024
Tender Offer
₹1,200.00
Buyback price per shareAbout 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
Read MoreTransport Corporation Of India Ltd. Buyback Details
Security Name
Transport Corporation Of India Ltd.Buyback Price
₹1,200.00Face Value
₹2.00Listing at Group
BSE, NSELead Manager
Ambit Private LimitedBuyback Docs
Letter Of OfferIssue Size
1,333,333 (1.72 % of Total number of equity Shares)Transport Corporation Of India Buyback 2024 Issue Timetable
| Last Date to buy shares | Record Date | Offer Opens On | Offer Closes On * |
| Sep 3, 2024 | Sep 4, 2024 | Sep 10, 2024 | Sep 17, 2024 |
| Last Date for receipt of Tender Forms | Finalisation of Buyback Acceptance | Last Date for settlement of bids | Last Date for Extinguishment of Shares |
| Sep 17, 2024 | Sep 23, 2024 | Sep 24, 2024 | Oct 4, 2024 |
Transport Corporation Of India Ltd. Buyback Ratio
| Category | Entitlement Ratio of Buyback | Shares Offered |
| Reserved Category for Small Shareholders | 9/71 | 200000 |
| General Category for all other Eligible Shareholders | 12/763 | 1133333 |
Company Financials All values are in ₹ Cr.
| Period Ended | 31-Mar-24 | 31-Mar-23 | 31-Mar-22 |
|---|---|---|---|
| Total Borrowing | -- | -- | -- |
| Profit After Tax | 279.75 | 274.54 | 274.57 |
| Reserves And Surplus | -- | -- | -- |
| Net Worth | -- | -- | -- |
| Total Assets | 772.86 | 859.56 | 669.85 |
| Total Revenue | 2,271.54 | 2,034.9 | 1,958.55 |
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
Transport Corporation Of India Ltd. Buyback
Kamla Centre, SCO 88-89, Sector 8-C, Chandigarh - 160009Email: info@kddl.com
Phone: +91 172 2548223
Website: ttps://www.kddl.com/
Kfin Technologies Limited
Phone: 04067162222, 04079611000
