GESHIPGreat Eastern Shipping Company Ltd
Great Eastern Shipping buys back 1.93 lakh more shares, taking its total buyback past 29 lakh
- Corporate action
The Great Eastern Shipping Company Limited has filed its daily report for its open-market share buyback for 16 Oct 2026. On that day it bought back 1,93,000 equity shares of face value ₹10 each, 23,000 on BSE and 1,70,000 on NSE.
All the shares were bought through Kotak Securities Limited at an average price of ₹1,496.3150 per share, excluding transaction costs.
The company had bought back 27,08,660 shares up to the previous day, so the total bought back as of 16 Oct 2026 is 29,01,660 shares. The report shows no quantity closed out.
The report is filed under Regulation 18 of the SEBI Buy-Back of Securities Regulations, 2018. A buyback is a way for a company to return cash to shareholders by purchasing and retiring its own shares.
Inference
A buyback reduces the number of shares in the market, which means each remaining share represents a slightly larger part of the company. With 29,01,660 shares bought back so far, the report is a running count, and the filing does not state the total size of the programme in this report.
A buyback also uses the company’s cash. The daily report records what was bought and at what average price, here ₹1,496.3150 per share, but it does not say how many more shares the company intends to repurchase. Shareholders can follow the later daily reports to see how the buyback progresses.
Reference: Original filing (PDF)
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