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Tuesday, Nov 28, 2006

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GE Shipping relists after demerger

Our Bureau

Mumbai Nov. 27

Great Eastern Shipping re-listed on the stock exchanges on Monday after the de-merger of its offshore business.

GE Shipping shares closed at Rs 222.80, as against the last traded price of Rs 336.70 on November 7 (before the de-merger). Over 57.13 lakh shares were traded on the NSE, while the BSE saw a trade of 37.25 lakh shares at the GE Shipping counter.

The issued, subscribed and paid-up equity capital of GE Shipping before the arrangement/ de-merger was Rs 190.34 crore, consisting of 19.03 crore equity shares of face value Rs 10 each, which was reduced to Rs 152.27 crore, consisting of 15.22 crore equity shares of face value Rs. 10 each after the de-merger.

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