Transport Corp's board approved a buyback at Rs 960 per share, but the size of Rs 150 crore was smaller than street expectations

Tue 29 Sep 2026

Buyback price

Rs 960 per share

Buyback size announced

150 crores rupees

Potential 10% buyback size

256 crores rupees

Company net worth

2,500 crores rupees

Cash and current financial assets

317 crores rupees

Heard on Live TV News Channel between 13:46:29 - 13:47:44 IST.

• Board approved buyback at Rs 960 per share
• Buyback size of Rs 150 crore was smaller than the street had anticipated
• Net worth of company close to Rs 2,500 crore, meaning 10% buyback would have amounted to about Rs 256 crore
• Promoters will not participate in the buyback, seen as a positive
• Cash and current financial assets on books close to Rs 317 crore, raising question why a bigger buyback wasn't done

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