In furtherance to its letter dated August 03, 2022 and August 05 2022, disclosing the approval from Shareholders of the company to buy back its own fully paid-up equity shares of face value of Rs 2 each (‘Equity Shares’) from the shareholders of the Company (other than the promoters, promoter group and persons in control of the Company) payable in cash, for an amount aggregating up to Rs 75 Crores (‘Maximum Buyback Size’) at a price not exceeding Rs 2,050 per Equity Share (‘Maximum Buyback Price’), through the open market route through the stock exchanges, in accordance with Companies Act, 2013 and the Securities and Exchange Board of India (Buy-back of Securities) Regulations, 2018 (the ‘Buyback Regulations’). In this regard, TCI Express has informed that as disclosed in the Public Announcement dated August 09, 2022, the Company has commenced the Buyback today August 18, 2022 (‘Commencement Date’) and will be closing on earlier of (i) February 13, 2023 i.e. six months from the Commencement Date; or (ii) when the Company completes the Buyback by deploying the amount equivalent to the Maximum Buyback Size; or (iii) at such earlier date as may be determined by the Board or its Committee of Directors, after giving notice of such earlier closure, subject to the Company having deployed an amount equivalent to at least 50% of the amount earmarked as the Maximum Buyback Size for the Buyback Rs. 37.50 Crores.
The above information is a part of company’s filings submitted to BSE.
| Company Name | CMP |
|---|---|
| Allcargo Logistics | 9.58 |
| TVS Supply Chain Sol | 115.39 |
| Container Corp | 502.80 |
| Delhivery | 463.10 |
| Mahindra Logistics | 432.00 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: