TCI Express completes acquisition of TCI Global Singapore arm

TCI Express Limited has completed the acquisition of 100 per cent equity shares of TCI Global (Singapore), making the company a step-down wholly owned subsidiary with effect from January 26, 2026.

The acquisition was carried out by TCI Express, a wholly owned subsidiary of TCI Express Limited, from TCI Holdings Asia Pacific, which is a step-down wholly owned subsidiary of Transport Corporation of India Limited. The company had earlier informed the stock exchanges about the proposed acquisition in October and November 2025.

Following the completion of the transaction, TCI Global (Singapore) now comes under the ownership structure of TCI Express Limited. The transaction has been completed through cash consideration amounting to SGD 18,000.

TCI Global (Singapore), incorporated in 2006, is engaged in transport, logistics and related services. The company has not recorded any turnover in the last three financial years.

The acquisition is a related party transaction and has been carried out on an arm’s length basis. TCI Express stated that the move is aimed at expanding its presence in the Singapore region and is expected to be faster and more cost-effective.