Transport Corporation of India Limited — Important, 12-02-2025: Sale or disposal

TCI has completed the sale of its chemical logistics business to TCI Chemlog Private Limited, a wholly-owned subsidiary, on a slump sale basis. This transaction involves the allotment of 1,00,000 equity shares from TCI Chemlog to TCI, with a face value of ₹100 each and a premium of ₹4,424 per share. This strategic move is expected to streamline operations and enhance focus on core business areas. Investors should watch closely for the implications of this divestiture on the company’s overall financial performance and strategic direction moving forward.