TCI Express has announced a strategic plan to acquire 100% equity of TCI Global (Singapore) Pte. Ltd. from TCI Holdings Asia Pacific, a step-down subsidiary of Transport Corporation of India (TCI). The move marks the company’s push to strengthen its international footprint, particularly in the Singapore logistics hub.
According to a regulatory filing, the transaction has been approved by the Board of Transport Corporation of India and will be placed before the TCI Express Board on November 6, 2025, for final approval. The deal will be executed through a cash consideration, while the pricing and share details will be disclosed post-board approval.
Both companies are part of the same promoter group, and the deal falls under a related-party transaction. TCI Express stated the acquisition is structured at arm’s-length and is aimed at expanding its business presence in Singapore in a faster and cost-efficient manner.
TCI Global Singapore currently has no operating revenue, as per the disclosure. The acquisition comes as TCI Express continues to scale its global logistics network amid rising demand for international express and cross-border supply chain solutions.
