SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

G E Shipping gets nod to incorporate wholly owned subsidiary

15 Mar 2024 Evaluate

Great Eastern Shipping Company (G E Shipping) has received approval to incorporate a wholly owned subsidiary (WOS) in International Financial Services Centre (IFSC) at Gift City, Gandhinagar, Gujarat with the main object of ‘ship leasing’ which shall include owning, operating and chartering of vessels and other permissible activities. The authorized equity share capital of the proposed WOS shall be Rs 50 crore. 

The initial paid up equity share capital shall be Rs 9 crore to be subscribed by the company for cash. The name of the WOS shall be ‘The Great Eastern Shipping (IFSC)’ or such name as may be approved by the Registrar of Companies. The Board of Directors of the company at their meeting held March 15, 2024, has approved the same.

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


GE Shipping Share Price

1586.75 34.35 (2.21%)
08-May-2026 16:59 View Price Chart
Peers
Company Name CMP
Shipping Corpn. 338.75
GE Shipping 1586.75
Dredging Corp 952.90
Seamec 1502.55
Shreeji Ship.Global 415.85
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×