Transport Corp board clears ₹150 crore buyback, promoters to stay out

Transport Corporation of India (TCI) has approved a share buyback of up to 1.56 million shares, or 2.03% of its paid-up equity share capital, at ₹960 per share through the tender offer route.The total buyback size has been capped at ₹150 crore, excluding transaction costs, taxes and other expenses…