Great Eastern Shipping Announces ₹900 Cr Open Market Buyback

Great Eastern Shipping Company Ltd has announced an open market buyback offer for its shareholders, with a maximum buyback size of ₹900 crore. The buyback will be conducted through the stock exchange mechanism at a price not exceeding ₹1,530 per equity share. The company has sent intimations to its shareholders regarding this offer. The buyback is set to open on or before September 4, 2026, and is expected to be completed by December 11, 2026, or earlier if the maximum buyback size is deployed. This move aims to return capital to shareholders and potentially enhance shareholder value.