GESHIP board approves about Rs 900 crore share buyback at up to Rs 1,530 per share
GESHIP · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.4 pts more than Nifty Smallcap 250 and 1.3 pts more than its Shipping peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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The Great Eastern Shipping Company board on August 27, 2026 approved an open market buyback of fully paid equity shares at a maximum price of Rs 1,530 per share, for an aggregate amount not exceeding Rs 900 crore. This works out to about 58.82 lakh shares, or 4.12 percent of paid-up equity capital. The company must deploy at least 75 percent of the buyback size (Rs 675 crore). Promoters cannot participate. The buyback will be carried out through the stock exchange.
Buyback reduces outstanding share count and returns surplus cash to public shareholders, typically a positive signal for the stock in the near term.