Transport Corporation’s board has approved a Rs 150-crore share buyback and the incorporation of a wholly owned subsidiary in China as part of its international expansion plan.
At a meeting held on September 29, the board approved the buyback of up to 15.62 lakh fully paid-up equity shares with a face value of Rs 2 each at Rs 960 per share. The buyback price represents an 11% premium over current market levels.
