StockWatch
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Shipping
Buyback31 Aug 2026, 06:50 pm

Great Eastern Shipping Announces Buyback of Equity Shares

AI Summary

Great Eastern Shipping Company Ltd has announced a buyback of its equity shares from the open market through the stock exchange route. The maximum buyback price is set at INR 1,530 per equity share. A public announcement regarding this buyback was made on August 29, 2026, and is scheduled to appear in Business Standard (English and Hindi) and Navshakti (Marathi) on August 31, 2026. Kotak Mahindra Capital Company Ltd has been appointed as the Manager to the Buyback. The Board of Directors approved the buyback on August 27, 2026, in accordance with SEBI Buyback Regulations and the Companies Act, 2013.

Key Highlights

  • Great Eastern Shipping to buy back equity shares from open market.
  • Maximum buyback price set at ₹1,530 per share.
  • Buyback approved by the Board on August 27, 2026.
  • Kotak Mahindra Capital appointed as Manager to the Buyback.
  • Public announcement to be published on August 31, 2026.