Announced Wed, 2 Sept, 2026 · 15:06 IST
GESHIP announces Rs 900 crore open market buyback at Rs 1,530 per share
GESHIP · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+1.9%1-day move
₹1329.10
prior close
₹1304.70
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.0+0.2+0.1—+1.9+2.8+3.2+4.2+4.7+6.4+11.4+17.4——
Up moveDown movePending
AI summary
GESHIP (Great Eastern Shipping) has launched an open market buyback of up to Rs 900 crore at a maximum price of Rs 1,530 per share, representing a 14-17% premium over recent market prices. The buyback opens by September 4, 2026 and closes by December 11, 2026. At maximum size, about 58.82 lakh shares (4.12% of paid-up capital) would be bought back. Promoters holding 30.07% stake cannot participate.
Likely market impact
Generally positive for shareholders as buyback signals confidence and supports share price. Limited shares available since promoters excluded.