The Great Eastern Shipping Company Limited announced that its board of directors has approved a buyback of up to 58,82,352 fully paid-up equity shares, representing 4.12% of its total paid-up equity share capital, through an open market route. The maximum buyback price is Rs 1,530 per share, with a maximum aggregate amount not exceeding Rs 900 crore. The company will utilize at least Rs 675 crore for the buyback, which would allow for the purchase of a minimum of 44,11,764 shares. Promoters and persons in control of the company will not participate in the buyback.</p>