GE Shipping gains as board OKs Rs 900-cr share buyback at Rs 1,530 apiece
Mumbai, Aug. 28 -- Under the buyback, the company will purchase up to 58,82,352 fully paid-up equity shares of face value Rs 10 each, representing up to 4.12% of the company's total paid-up equity share capital as on 27 August 2026.
The company said the maximum buyback size represents 7.19% and 6.34% of the aggregate of its fully paid-up equity share capital and free reserves based on the latest audited standalone and consolidated financial statements as on 31 March 2026, respectively.
The company will utilise at least 75% of the maximum buyback size, or Rs 675 crore, for the buyback. Based on the minimum buyback size and the maximum buyback price, the company will purchase an indicative minimum of 44,11,764 equity shares.
As of 30 Jun...
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