Great Eastern Shipping announces INR 900 cr open market buyback

Buyback Premium Above 10pctCorporate Actions View source PDF Explain this filing

GESHIP · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

+2.1%Reaction day

₹1301.40

prior close

₹1304.80

announcement price

After-mkt

timing

Nifty Smallcap 250market-0.0%+2.2% vs market

Shipping peers, median of 9sector-0.6%+2.7% vs sector

On the reaction day the stock moved 2.2 pts more than Nifty Smallcap 250 and 2.7 pts more than its Shipping peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+1.5

10m

+1.9

15m

+2.1

30m

+0.4

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+2.1-0.0+2.2-0.6+2.7

Next day

+0.4-0.6+1.0-0.0+0.4

+4.1+0.4+3.7+2.0+2.1

+5.0+0.6+4.4+2.4+2.6

+5.4+0.6+4.8+4.3+1.2

+6.4+0.8+5.6+0.3+6.1

+8.0+0.3+7.6-2.0+10.0

15d

+14.0+0.2+13.8-1.2+15.2

+17.6-4.3+21.8-5.9+23.4

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UpDownMarket · Nifty Smallcap 250Sector · Shipping peers, median of 9Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Great Eastern Shipping has announced a buyback of equity shares worth up to INR 900 crores from the open market through stock exchanges. Maximum price is INR 1,530 per share, representing a premium of 9.81% to 17.42% over recent market prices. This represents about 4.12% of paid-up equity capital. Buyback opens within four working days and runs up to 66 working days. Promoters are not participating.

Likely market impact

Positive for non-promoter shareholders, signals confidence in valuation and may support price. Promoters are not participating in the offer.