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GESHIP — The Great Eastern Shipping News Story

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India's Great Eastern Shipping rises on buyback proposal

BUZZ-India's Great Eastern Shipping rises on buyback proposal

** Shares of Great Eastern Shipping Company GESC.NS up 2.7% to 286.3 rupees

** Co said, on Aug 27, it will consider proposal to buyback shares

** Co did not disclose details on the size or timing of the potential buyback

** Stock set to rise for a third straight session

** More than 1.6 mln shares traded, 1.8x their 30-day moving avg

** YTD, GESC up ~20%


(Reporting by Anuran Sadhu in Bengaluru)

((Anuran.Sadhu@thomsonreuters.com; +91 8697274436;))

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