The Board of Directors (the “Board”) of The Great Eastern Shipping Company Limited (the “Company”) at its meeting held on December 27, 2021 has approved a proposal for the Company to buyback (“Buyback”) its own fully paid-up equity shares of a face value of ₹ 10/- each (“Equity Shares”), for an amount not exceeding ₹ .
GE Shipping board approves buyback upto Rs 333 through market purchase equitybulls.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from equitybulls.com Daily Mail and Mail on Sunday newspapers.
The Anup Engineering announced that it has bought back 3,87,850 Equity Shares at an average price of Rs 642.54 per Equity Share for an aggregate consideration of Rs 24.92 crore excluding Transaction Costs which represents 99.68 % of the Maximum Buy-back Size.
Since the Company has achieved the Minimum Buy-back Size as required under Regulation 15 of the Buyback Regulations and the Public Announcement, the Management Committee of the Company has decided to close the Buy-back effective from closure of trading hours of Monday, 15 March 2021.
Powered by Capital Market - Live News
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)