News ArticleThe Great Eastern Shipping Company Limited Completes Open Market Buyback of 38.48 Lakh Shares at ₹1,529.71 Each
Company acquired 88,877 shares on October 28, 2026, increasing cumulative buyback to over 38 lakh shares under SEBI regulations
The Great Eastern Shipping Company Limited completed an open market buyback of 38,48,494 equity shares of face value ₹10 each as of October 28, 2026, purchasing shares at an average price of ₹1,529.7062 per share excluding transaction costs. This marks ongoing buyback activity under SEBI Buyback Regulations 2018 with daily updates provided by the company.
The Great Eastern Shipping Company Limited
Corporate Action
The Great Eastern Shipping Company Limited has completed the purchase of 38,48,494 equity shares through its ongoing open market buyback program as of October 28, 2026, at an average acquisition price of ₹1,529.7062 per share excluding transaction costs.
On October 28, 2026, the company bought back 88,877 shares via Kotak Securities Limited, comprising 14,202 shares on BSE and 74,675 shares on NSE.
Prior to this, the cumulative shares bought back stood at 37,59,617. With today's transactions and considering no shares closed out, the total buyback count reached 38,48,494 shares.
The buyback is conducted in compliance with the Securities and Exchange Board of India (Buy-Back of Securities) Regulations, 2018, and daily disclosures are made to maintain transparency.
Details of the buyback transactions are accessible on the company’s official website and the websites of the BSE and NSE stock exchanges for public reference.
Highlights
- Total equity shares bought back as on October 28, 2026: 38,48,494 shares
- Daily buyback on October 28, 2026: 88,877 shares via Kotak Securities Limited
- Average price per share paid (excluding transaction costs): ₹1,529.7062
- No shares were closed out on or before October 28, 2026
- Buyback conducted under SEBI Buyback Regulations 2018
Key Data Snapshot
What happened
- The Great Eastern Shipping Company Limited executed an open market buyback of 88,877 fully paid equity shares on October 28, 2026.
- The buyback is part of a broader program compliant with SEBI Buyback Regulations, 2018.
- Shares were purchased through broker Kotak Securities Limited across BSE and NSE exchanges.
Key details
- No shares were closed out on or before October 28, 2026, maintaining the total buyback count at 38,48,494 shares.
- The average price paid per share on the latest buyback date was ₹1,529.7062, excluding transaction costs.
- Buyback details are published daily for transparency and are available on the company as well as stock exchanges’ websites.
Regulatory and governance context
- Buyback is governed by Securities and Exchange Board of India (Buy-Back of Securities) Regulations, 2018.
- Daily reporting under Regulation 18 fulfills continuous disclosure obligations during the buyback process.
Highlights
- Total equity shares bought back as on October 28, 2026: 38,48,494 shares
- Daily buyback on October 28, 2026: 88,877 shares via Kotak Securities Limited
- Average price per share paid (excluding transaction costs): ₹1,529.7062
- No shares were closed out on or before October 28, 2026
- Buyback conducted under SEBI Buyback Regulations 2018
Disclosures
- Securities and Exchange Board of India (Buy-Back of Securities) Regulations, 2018
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