TCI Express Buyback 2022 Record Date, Price and Ratio Details
Acquisition of TCI Express 2022 was announced on May 27, 2022. The TCI Express the redemption opening date is August 18, 2022 and will end on February 13, 2023. Acquisition of TCI Express the record date is not fixed because it is an offer to buy on the open market. The investor must purchase the TCI Express shares before the record date to be eligible for redemption.
TCI Express Buyback of ₹75 crore approved by the Board of Directors at the meeting took place on June 28, 2022. TCI Express Buyback will be through the open market route through the exchange mechanism. The Company’s Board of Directors has approved the Company’s repurchase of its fully paid shares with a par value of ₹2 each at a price not exceeding ₹2,050 per share and for an aggregate amount not exceeding ₹75 crore from shareholders. Check out the details of TCI Express Buyback 2022 below:
TCI Express Limited was incorporated in 1996. It is a logistics company providing door to door express logistics services worldwide. They are one of the main divisions of Transport Corporation of India (TCI), India’s most admired logistics company. They provide the express delivery services via 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 freight company in India to have its own facility across India, backed by a team of over 3,500 professionals and over 40,000 pickup and delivery points.
TCI Express Takeover 2022 Dates
|Date of buyout meeting:|| May 27, 2022
|Takeover announcement date:||May 27, 2022|
|Redemption registration date:||Open market|
|Redemption start date:||August 18, 2022|
|Redemption closing date:||February 13, 2023|
|Finalization of the TCI Buyout Acceptance:||N / A|
TCI Express Takeover 2022 Offer Details
TCI Express acquisition of 3 65,853 capital shares at a price of ₹2,050 per share. Buyout offers must not exceed ₹75,000,000 the total size of the tender offer.
|Number of shares:||3,65,853 Equity shares|
|Face value:||₹2 per share|
|Redemption price:||₹2,050 per share|
|Type of redemption:||Open market|
|Offer letter:||Click here|
TCI Express Redemption 2022 TCI Acceptance Rate
The investor needs to buy around 97 shares at the current market price of ₹1,605 (as of May 27, 2022). The calculation will be ₹2,00,000 / ₹2,050 redemption price = 97 shares.
|TCI Acceptance Rate||Investment||Redemption of shares||Profit
TCI Express Financial Report
|₹ in Crores|
How to Participate in TCI Express Buyback 2022
Investors are eligible for the buyback program who have TCI Express shares in their TCI Demat account as Open market. Eligible stockholders can participate in the TCI Express Buyback 2022 program in accordance with the opening form by selling their shares. Payment will be made in TCI shares Accepted by the company under the TCI Express buyback program.
TCI Express Redemption 2022 Registrar
KFin Technologies Limited
KFintech, Tour-B, plots 31 and 32,
Financial District, Nanakramguda, Gachibowli,
Hyderabad, Telangana India – 500,032.
Telephone: 04067162222, 04079611000
Email: [email protected]
TCI Express Buyback 2022 Leaders
- Motilal Oswal Investment Advisors Pvt Ltd
TCI Express company address
TCI Express Limited
Apartment Nos. 306 & 307 1-8-273,
Ashoka Bhoopal Chambers, Third Ficar,
SP Road, Secunderabad, 500003
Telephone: +91 124 2384090 – 9
Email: [email protected]
How to apply TCI Express Redemption through Zerodha?
Log in to the console on the Zerodha website or in the app. Go to Portfolio and click on Corporate Actions. You will see the company name “TCI Express”. Click Place Order. Enter your quantity and submit the TCI Express redemption request form.
How to apply TCI Express Redemption through Upstox?
Log into the Upstox app with your credentials. Select the TCI Account section. You will see the company name “TCI Express”. Click on TCI Express Stock for Redemption. Enter your quantity and submit the TCI Express redemption request form.
How to apply TCI Express Redemption via Paytm Money?
Log into the Paytm Money app with your credentials. Select the TCI Express. Enter your quantity and submit the TCI Express redemption request form.
FAQ Takeover TCI Express 2022
What is the registration date of TCI Express Buyback 2022?
The record date for the takeover of TCI Express in 2022 is Open market.
When is TCI Express Buyback 2022 open date?
The opening date for the TCI Express 2022 buyout is August 18, 2022.
What is the TCI Express Redemption 2022 price?
The company set the price at ₹2,050 per share.
How do I apply for a TCI Express 2022 Redemption?
According to the record date, you must have TCI Express shares in your Demat TCI account. You can participate in the redemption after having the stock in your Demat account.