TCI Developers Ltd (TDL), the newly created real estate entity of Group TCI, was listed on the country’s premier exchanges i.e. NSE and BSE, post the requisite approvals from SEBI Stock Exchanges.  
 
The demerger process of the real estate arm started on March 17, 2010 after the approvals from the company’s Board of Directors. The Scheme of Arrangement was approved by the Hon’ble High Court of Andhra Pradesh on September 15. Pursuant to the Scheme, the Real Estate and Warehousing Undertaking of the Group got demerged and vested in TCI Developers Limited (TDL). TDL has taken over all the specified and allocated assets, both movable immovable and liabilities from erstwhile “Real Estate Warehousing Division” of Transport Corporation of India Ltd. (TCI).  The company has allotted 36,29,431 equity shares to the shareholders of TCI in the ratio of 1 (One) equity share of Rs.10/- each of TDL for every 20 (twenty) equity shares of Rs.2/- each held in TCI.
 
With the strategically planned demerger, TCI will strive to focus more on the group’s core business logistics which is growing rapidly in the country. Besides this, the demerger will help the strategic investors and financial institutions to look at both the entities as two different companies.
 
Mr. D P Agarwal, VCMD, TCI and Chairman TDL, said, “With the newly formed company TDL, we aim to develop the company’s existing real estate properties into commercial ventures. We have chalked down a strategic plan for the entity and will use the cash generated from it for development of large scale logistics infrastructure projects like multi-modal logistics parks, truck terminals, free trade warehousing zones etc.”
 
The book value of the properties and investment vested with TDL amounts to approximately Rs. 50 crores. The shareholding pattern of TDL is identical to that of TCI. The company presently has real estate properties in metropolitan and tier II cities including Delhi- NCR, Chennai, Pune, Nagpur, Bangalore, Ahmedabad and others.