The company’s board has approved the repurchase of up to 58.82 lakh equity shares, representing 4.12% of its total paid-up equity share capital, through the open market route.
The maximum buyback price has been fixed at ₹1,530 per share, a 15.99% premium to the stock’s closing price of ₹1,319 on Thursday.
Since the buyback will be conducted through the open market, the company will purchase its shares from the stock exchanges over a period of time, subject to the applicable limits.
At the maximum buyback size and price, Great Eastern Shipping will repurchase up to 58,82,352 shares. The proposed buyback represents less than 25% of the company’s existing paid-up equity capital.
The company’s latest shareholding data shows that promoters and the promoter group hold a 30.07% stake, while foreign investors, including FPIs, FIIs, NRIs, foreign banks and overseas corporate bodies, own 29.83%.
Mutual funds, financial institutions, banks, AIFs, NBFCs and insurance companies hold 12.49%, with the remaining 27.60% held by other shareholders, including individuals, corporates and trusts.Great Eastern Shipping shares ended 0.96% lower at ₹1,319 on Thursday. The stock has gained around 19% so far in 2026.
First Published: Aug 28, 2026 7:06 AM IST
