Great Eastern Shipping Company Initiates First Share Buyback Program

Great Eastern Shipping Company Ltd. has announced its inaugural share buyback, planning to repurchase up to 58.82 lakh equity shares, or 4.12% of its capital, for up to ₹900 crore. The maximum buyback price is set at ₹1,530 per share, a 15.99% premium over the previous day's closing price. This move aims to enhance shareholder value and could impact the company's stock performance.