Notice No.   20220106-2   Notice Date   06 Jan 2022
Category   Company related   Segment   Equity
Subject   Buyback of equity shares of GREAT EASTERN SHIPPING CO. Limited (Scrip code: 500620)

 Trading Members are hereby informed that GREAT EASTERN SHIPPING CO. Limited (Scrip code: 500620) has announced buyback of its fully paid-up equity shares of face value of Rs. 10/- each from the Open Market through electronic trading mechanism of the Exchange. The Maximum Buyback Price would not exceed Rs. 333/- (Rupees Three Hundred and Thirty Three only) per equity share payable in cash for an aggregate amount not exceeding Rs. 225 crores/- (Rupees Two Hundred and Twenty Five Crores only).


1.       Proposed timetable for buyback:


Date of Opening of the Buyback on BOLT

January 7, 2022, Friday

Last Date for the Buyback

Earlier of:

(a)    July 6, 2022 (that is 6 months from the date of the opening of the Buyback); or

(b)    when the Company completes the Buyback by deploying the amount equivalent to the Maximum Buyback Size; or (c) at such earlier date as may be determined by the Board (including a committee thereof, constituted by the Board or persons nominated by the Board / committee to exercise its powers, and / or the powers conferred by the Board resolution in relation to the Buyback), after giving notice of such earlier closure, subject to the Company having deployed an amount equivalent to the Minimum Buyback Size (even if the Maximum Buyback Size has not been reached or the Maximum Buyback Shares have not been bought back in accordance with the Buyback Regulations), however, that all payment obligations relating to the Buyback shall be completed before the last date for the Buyback




2.       Broker Members for buyback:




The company has appointed the following BSE Trading Members through whom the purchases and settlement on account of the buyback would be made:


Name of the Member   

Clearing No

Client Code

Kotak Securities Limited




3.       Details of Shares held in DEMAT Form.




The Trading Members may note that the Equity Shares held in DEMAT form can be offered for Buyback to the Company in rolling settlement, as per details mentioned below:


Scrip Code


Market Lot

1 Share

Scrip ID on BOLT System



4.       Circuit Filters, Margins, Capital Adequacy Norms, Auction, Close out, Arbitration, etc. are applicable in case of buyback as in the case of the normal trading.


5.       Institutional Investors are allowed to participate in the buyback.


6.       Please note that, settlement will be with normal equity cash segment trades and market type for delivery will be “Normal” equity cash segment


7.       The documents are available in Department of Corporate Services for inspection. In case of any queries /clarifications on the scheme of buyback, Trading Members may please contact the under mentioned persons:


  • Merchant Banker to the Buyback:

Kotak Mahindra Capital Company Limited

27BKC, 1st Floor, Plot no. C-27, “G” Block, Bandra Kurla Complex, Bandra (East), Mumbai 400051

Tel: +91 22 43360128

Fax: +91 22 67 132430


Contact Person: Mr. Ganesh Rane

SEBI Registration No.: INM000008704


  • At the Company:

Jayesh M. Trivedi

President (Secl. & Legal) and Company Secretary

134/A, Ocean House, Dr Annie Besant Road, Worli, Mumbai, Maharashtra, 400018.

Tel: 022-66613000 / 24922100






·         At the Exchange:

Clearing & Settlement Department -

Mr. Nilesh Shah/Ajay Darji - Extn: 022-22728468/5163/5628/8223/5784

Email Id:


Trading Department -

Trading Operations - Extn: 022-2272- 8376 (For Trading Related)


Help desk - Extn: 61363100 (Hunting) (For BOLT System)


Listing Operations Department –

Mr. Raghavendra Bhat/ Mrs. Manasi Joglekar - Extn: 022-2272-8915/8995/8368 (For General Queries)




Rupal Khandelwal

Assistant General Manager

January 06, 2022