News ArticleThe Great Eastern Shipping Company Limited Repurchases Over 45 Lakh Equity Shares by November 9, 2026
Shares bought back at an average acquisition price of ₹1,433.92 each continuing the open market buyback under SEBI regulations
The Great Eastern Shipping Company Limited reports cumulative buyback of 45,33,444 fully paid equity shares of face value ₹10 each as of November 9, 2026, acquired at an average price of ₹1,433.92 per share, continuing its open market buyback program under SEBI regulations.
The Great Eastern Shipping Company Limited
Corporate Action
The Great Eastern Shipping Company Limited has bought back a total of 45,33,444 fully paid equity shares of ₹10 each as part of its open market buyback program, with 2,56,250 shares repurchased on November 9, 2026, at an average price of ₹1,433.92 excluding transaction costs.
The buyback transaction on November 9, 2026, included purchases of 26,000 shares through BSE and 2,30,250 shares through NSE by Kotak Securities Limited acting as broker.
No shares were closed out during or prior to November 9, 2026, ensuring all repurchased shares remain under the buyback program.
Cumulatively, before the November 9 buyback, the company had repurchased 42,77,194 shares, bringing the total shares bought back to 45,33,444.
The buyback is conducted in accordance with Securities and Exchange Board of India (Buy-Back of Securities) Regulations, 2018, as amended, from the open market.
Details of the buyback are published on the company website and on the websites of the stock exchanges where the shares are listed.
Highlights
- Total shares bought back by November 9, 2026: 45,33,444 equity shares.
- Shares repurchased on November 9, 2026: 2,56,250 shares.
- Average price of acquisition on November 9, 2026: ₹1,433.9183 per share, excluding transaction costs.
- Broker handling the transactions: Kotak Securities Limited.
- No shares closed out during the buyback period as of November 9, 2026.
Key Data Snapshot
What happened
- The Great Eastern Shipping Company Limited conducted an open market buyback of equity shares as per SEBI Buyback Regulations.
- On November 9, 2026, the company repurchased 2,56,250 shares through its broker Kotak Securities Limited on BSE and NSE.
- The cumulative number of shares bought back by the company reached 45,33,444 shares.
- No shares were closed out during this period, confirming retention of bought back shares.
Key details
- The average price per share during the buyback on November 9, 2026 was ₹1,433.9183, exclusive of transaction costs.
- The company's buyback program follows the Securities and Exchange Board of India (Buy-Back of Securities) Regulations, 2018.
- Buyback details are publicly available on the company's and stock exchanges’ official websites.
- The buyback involves fully paid equity shares with a face value of ₹10 each.
Regulatory and governance context
- The buyback adheres to SEBI Buyback Regulations, 2018, ensuring compliance with regulatory norms.
- The company has published daily buyback reports as required under Regulation 18 of SEBI Buyback Regulations.
- The process is transparent with disclosures made on BSE and NSE as well as the company's website.
Highlights
- Total shares bought back by November 9, 2026: 45,33,444 equity shares.
- Shares repurchased on November 9, 2026: 2,56,250 shares.
- Average price of acquisition on November 9, 2026: ₹1,433.9183 per share, excluding transaction costs.
- Broker handling the transactions: Kotak Securities Limited.
- No shares closed out during the buyback period as of November 9, 2026.
Disclosures
- Securities and Exchange Board of India (Buy-Back of Securities) Regulations, 2018
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