TCI Express Buyback 2022 Was announced on May 27, 2022. TCI Express Buyback open date is August 18, 2022 and will close on February 13, 2023. TCI Express Buyback Record date not set as this is an open market buyback offer, To be eligible for the buyback, the investor must purchase TCI Express shares before the record date.
The TCI Express buyback of ₹75 crore approved by the Board of Directors in the meeting was held on June 28, 2022. TCI Express buyback will be done through open market route through stock exchange mechanism. The Board of Directors of the Company has approved the buyback of its fully paid-up equity shares by the Company with the face value of each equity share not exceeding ₹ 2,050 per equity share and the aggregate amount not exceeding ₹ 75. crores from shareholders. Check out TCI Express Buyback 2022 details below:
TCI Express Limited was incorporated in 1996. They are logistics company providing door to door express logistics services across the globe. They are one of the leading divisions of India’s most acclaimed logistics company, Transport Corporation of India (TCI). They provide express delivery services through Surface Express, Domestic Air Express, International Air Express, Reverse Express, E-commerce, C2C Express, Rail Express and Cold Chain Express. TCI Express is the only express cargo company in India which has its own set up across India with a team of more than 3500+ professionals and more than 40000+ Pickup & Delivery locations.
TCI Express Buyback 2022 Dates
|Buyback meeting date:|| 27 May 2022
|Buyback Announcement Date:||27 May 2022|
|Buyback Record Date:||free market|
|Buyback Open Date:||18 August 2022|
|Buyback closing date:||February 13, 2023|
|Finalization of Buyback TCI Acceptance:||n/a|
TCI Express Buyback 2022 Offer Details
TCI Express Buyback 3,65,853 Equity Shares At the expense of ₹2,050 per equity share, Buyback offers should not be more ₹75 crore of the total buyback offer size.
|Offer Amount:||₹75 crore|
|number of shares:||3,65,853 common share|
|Face value:||₹2 per equity share|
|Buyback Price:||₹2,050 per equity share|
|Buyback Type:||free market|
|letter of Offer:||click here|
TCI Express Buyback 2022 TCI Acceptance Ratio
The investor should buy around 97 shares at the current market price of ₹1,605 (as on May 27, 2022). The calculation would be ₹2,00,000 / ₹2,050 buyback value = 97 shares.
|TCI Acceptance Ratio||Investment||share buyback||Benefit
TCI Express Financial Reports
|₹ in crore|
How to Participate in TCI Express Buyback 2022
Investors who are eligible for the buyback scheme having shares of TCI Express in their demat TCI account are: free market, Eligible shareholders can participate in the TCI Express Buyback 2022 scheme by selling their shares as per the initial form. The payment will be made as per TCI accepted shares by the Company under TCI Express Buyback Scheme.
TCI Express Buyback 2022 Registrar
Keffin Technologies Limited
Cfintech, Tower-B, Plot No. 31 & 32,
Financial District, Nanakranguda, Gachibowli,
Hyderabad, Telangana India – 500 032.
Phone: 04067162222, 04079611000
TCI Express Buyback 2022 Lead Managers
- Motilal Oswal Investment Advisors Private Limited
TCI Express Company Address
TCI Express Limited
Flat No. 306 & 307 1-8-273,
Ashok Bhupal Chambers, third concern,
SP Road, Secunderabad, 500003
Phone: +91 124 2384090 – 9
How to Apply TCI Express Buyback through Zerodha?
Log in to the console in the Zerodha website or application. Go to Portfolio and click on Corporate Action. You will see the company name “TCI Express”. Click on Place Order. Enter your quantity and submit the TCI Express buyback application form.
How to Apply TCI Express Buyback through Upstox?
Log in to the Upstox application with your credentials. Select the TCI Account section. You will see the company name “TCI Express”. Click on TCI Express Stock for Buyback. Enter your quantity and submit the TCI Express buyback application form.
How to Apply TCI Express Buyback through Paytm Money?
Log in to Paytm Money Application with your credentials. Select TCI Express. Enter your quantity and submit the TCI Express buyback application form.
TCI Express Buyback 2022 FAQs
When is the TCI Express Buyback 2022 Record Date?
TCI Express buyback is 2022 record date free market,
When is TCI Express Buyback 2022 Open Date?
TCI Express Buyback 2022 Open Date 18 August 2022,
What is TCI Express Buyback 2022 Price?
The company has fixed the price ₹2,050 per share.
How to apply for TCI Express Buyback 2022?
You must hold shares of TCI Express in your Demat TCI account as on the record date. You can participate in buybacks once you have stock in your demat account.
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