Promoter group inter-se block deal: 10,90,000 shares sold by TCI Trading, bought by XPS Cargo
Promoter group reshuffle: TCI Trading sold 10,90,000 equity shares worth Rs. 54,78,50,000 via NSE block deal on 29.09.2026.
- Shares Sold by TCI Trading
- 10,90,000 equity shares
- Transaction Value
- Rs. 54,78,50,000
- TCI Trading Stake Before
- 22,09,497 shares (5.75%)
- TCI Trading Stake After
- 11,19,497 shares (2.91%)
- XPS Cargo Stake After
- 10,90,000 shares (2.84%)
What was shared
TCI Express submitted copies of Form C received from two promoter group entities under Regulation 7(2)(b) of the SEBI (Prohibition of Insider Trading) Regulations, 2015.
Seller
- M/s. TCI Trading (Promoter Group) sold 10,90,000 equity shares.
- Transaction value: Rs. 54,78,50,000 (excludes taxes/brokerage/other charges).
- Holding before: 22,09,497 shares (5.75%); after: 11,19,497 shares (2.91%).
Buyer
- M/s. XPS Cargo Services Ltd, described as Promoter Group (Proposed), purchased 10,90,000 equity shares for Rs. 54,78,50,000.
- Holding before: NIL; after: 10,90,000 shares (2.84%).
- The update notes that pursuant to an agreement executed on September 22, 2026, XPS Cargo Services Limited has become part of the Promoter Group under the SEBI (ICDR) Regulations, 2018.
How it was done
- Mode: Open Market; exchange: NSE (Block Deal).
- Trade date 29.09.2026, intimated to the company on 30.09.2026.
- Derivatives trading reported as NIL for both entities.
How to read it
The same number of shares moved from one promoter group entity to another at the same value, so this reads as a reorganisation of holdings within the promoter group rather than a change in overall promoter group ownership.
Also from TCI Express
TCI Express Ltd: promoter reports multiple share transactions
1 Oct 2026
Inter-se promoter transfer of 1,23,000 shares (0.32%) disclosed under Regulation 29(2)
1 Oct 2026
TCI Express Ltd: promoter reports multiple share transactions
1 Oct 2026
More numbers
- Shares sold by TCI Trading10,90,000
- Transaction value54,78,50,000
- TCI Trading holding before22,09,497
- TCI Trading holding before (%)5.75%
- TCI Trading holding after11,19,497
- TCI Trading holding after (%)2.91%
- XPS Cargo shares purchased10,90,000
- XPS Cargo holding after (%)2.84%
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