Great Eastern Shipping shares are likely to remain in focus after the company announced a share buyback worth up to Rs 900 crore. The board approved repurchasing up to 58.82 lakh shares, or 4.12% of paid-up equity capital, through the open market route. The maximum buyback price is Rs 1,530 per share, a 15.99% premium to Thursday’s close.
Great Eastern Shipping shares are likely to remain in focus after the company announced a share buyback worth up to Rs 900 crore. The board approved repurchasing up to 58.82 lakh shares, or 4.12% of paid-up equity capital, through the open market route. The maximum buyback price is Rs 1,530 per share, a 15.99% premium to Thursday’s close.
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