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GE Shipping gains with arm acquiring full ownership of jack up rigs from GGES

20 Jun 2017

Great Eastern Shipping Company (GE Shipping) is currently trading at Rs. 401.55, up by 1.55 points or 0.39% from its previous closing of Rs. 400.00 on the BSE.

The scrip opened at Rs. 400.55 and has touched a high and low of Rs. 402.10 and Rs. 400.00 respectively. So far 1,545 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 477.00 on 21-Apr-2017 and a 52 week low of Rs. 296.60 on 24-Jun-2016.

Last one week high and low of the scrip stood at Rs. 417.70 and Rs. 395.25 respectively. The current market cap of the company is Rs. 6,116.00 crore.

The promoters holding in the company stood at 30.22%, while Institutions and Non-Institutions held 42.61% and 27.16% respectively.

GE Shipping’s wholly owned-subsidiary - GreatShip (India) (GIL) has acquired full ownership of the jack up rigs from Greatship Global Energy Services (GGES), a wholly-owned subsidiary of GIL with effect from June 19, 2017.

Great Eastern Shipping Company is India’s largest private sector shipping company. The company’s major businesses include shipping and offshore.

Related The Great Eastern Shipping Company Ltd. Links:

GE Shipping Share Price

403.50 -0.70 (-0.17%) Jun 18, 14:43
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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323