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Transport Corp board approves Rs 150 crore share buyback at 11% premium

The board of Transport Corporation has sanctioned a share buyback of Rs 150 crore, intending to purchase 15.62 lakh equity shares at a premium price. This move aims to boost shareholder value while simultaneously establishing a new subsidiary in China to enhance the company's logistics network. This initiative aligns with a broader strategy for international expansion in significant trade areas.

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Economic TimesLean R·1h ago
Transport Corp board approves Rs 150 crore share buyback at 11% premium
The board of Transport Corporation has sanctioned a share buyback of Rs 150 crore, intending to purchase 15.62 lakh equity shares at a premium price. This move aims to boost shareholder value while simultaneously establishing a new subsidiary in China to enhance the company's logistics network. This initiative aligns with a broader strategy for international expansion in significant trade areas.
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Transport Corp board approves Rs 150 crore share buyback at 11% premium

How 1 sources are covering this

Transport Corp board approves Rs 150 crore share buyback at 11% premium

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