The Great Eastern Shipping Company Approves ₹900 Crore Open-Market Buyback

Board approved an open-market buyback of up to 58,82,352 equity shares, representing 4.12% of paid-up capital, at a maximum price of ₹1,530 per share for an aggregate amount up to ₹900 Cr. At least ₹675 Cr must be deployed. This is the company's first explicit buyback proposal after its recent capital-allocation review, adding a significant capital return alongside quarterly dividends. The buyback will be funded within the limits prescribed under SEBI regulations and excludes promoters and the promoter group. The public announcement will provide the process and timelines; actual shares repurchased, final price and post-buyback ownership remain undisclosed. At the maximum indicative repurchase, promoter ownership would rise from 30.07% to 31.37% without promoter participation.