Buyback3 Sept 2026, 04:03 pm
Great Eastern Shipping Commences ₹900 Cr Share Buyback
AI Summary
Great Eastern Shipping Company Ltd announced the commencement of its share buyback program on September 04, 2026. The company plans to repurchase its equity shares, with a face value of ₹10 each, for an amount not exceeding ₹900 crore. The maximum price per share for the buyback is set at ₹1,530. This buyback will be conducted through the open market route, excluding shares held by promoters and the promoter group, in compliance with SEBI Buyback Regulations and the Companies Act, 2013. The announcement follows a board meeting on August 27, 2026, and a public announcement on August 29, 2026.
Key Highlights
- Buyback program commences on September 04, 2026.
- Maximum buyback size is ₹900 crore.
- Maximum buyback price is ₹1,530 per share.
- Buyback executed via open market route.
- Excludes shares held by promoters and promoter group.
Price Impact
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