15 March 2025
synopsis Nayara Energy announced a buyback offer for its minority shareholders to purchase over 2.59 crore shares at Qs 731 each, providing an exit opportunity for shareholders unable to trade since delisting in 2016. This follows frequent shareholder requests for liquidity NAYARA om February 17, 2016. Agencies 4. Nayara Energy, India's biggest private fuel retailer, will make an offer to minority shareholders to buy back 2.59 crore outstanding shares at Rs 731 apiece, the firm said Thursday. Nayara Energy was previously known as Essar Oil. It was listed on BSE and NSE. The equity shares were voluntarily delisted from both stock exchanges with effect The Board of Directors of Nayara Energy on March 3, 2025 decided to make an ffer to its minority shareholders to buy back 2,59,08,262 shares at Rs 731 per hare with an objective to provide an exit opportunity to the minority hareholders," the firm said in a statement. rstwhile promoter entity acquired equity shares from non-promoter public hareholders during the delisting process, which was conducted through everse book building on stock exchange and subsequently via an exit offer for ne-year period from February 2016 to February 2017.However, over 2 lakh retail shareholders, who did not participate in the delisting and subsequent exit offer provided to them, continue to hold shares in the company. "Since the equity shares of the company are not traded on any of the stock exchanges, the minority shareholders are not able to liquidate or monetize their shareholding. Minority shareholders have been frequently approaching the company requesting an exit opportunity be provided to them," the statement said. Following this, the Board of Directors decided to make a buyback offer to the minority shareholders. "Based on a valuation exercise conducted by an independent registered valuer, the offer would be made at a price of Rs 731 per share," it said. "The company would shortly be finalising the schedule for the buyback program and issuing the Letter of Offer to its minority shareholders." In 2017, Russia's Rosneft and a consortium of Trafigura and UCP Investment Group acquired Essar Oil for USD 12.9 billion. The firm was later rechristened Nayara Energy.
synopsis Nayara Energy announced a buyback offer for its minority shareholders to purchase over 2.59 crore shares at Qs 731 each, providing an exit opportunity for shareholders unable to trade since delisting in 2016. This follows frequent shareholder requests for liquidity NAYARA om February 17, 2016. Agencies 4. Nayara Energy, India's biggest private fuel retailer, will make an offer to minority shareholders to buy back 2.59 crore outstanding shares at Rs 731 apiece, the firm said Thursday. Nayara Energy was previously known as Essar Oil. It was listed on BSE and NSE. The equity shares were voluntarily delisted from both stock exchanges with effect The Board of Directors of Nayara Energy on March 3, 2025 decided to make an ffer to its minority shareholders to buy back 2,59,08,262 shares at Rs 731 per hare with an objective to provide an exit opportunity to the minority hareholders," the firm said in a statement. rstwhile promoter entity acquired equity shares from non-promoter public hareholders during the delisting process, which was conducted through everse book building on stock exchange and subsequently via an exit offer for ne-year period from February 2016 to February 2017.However, over 2 lakh retail shareholders, who did not participate in the delisting and subsequent exit offer provided to them, continue to hold shares in the company. "Since the equity shares of the company are not traded on any of the stock exchanges, the minority shareholders are not able to liquidate or monetize their shareholding. Minority shareholders have been frequently approaching the company requesting an exit opportunity be provided to them," the statement said. Following this, the Board of Directors decided to make a buyback offer to the minority shareholders. "Based on a valuation exercise conducted by an independent registered valuer, the offer would be made at a price of Rs 731 per share," it said. "The company would shortly be finalising the schedule for the buyback program and issuing the Letter of Offer to its minority shareholders." In 2017, Russia's Rosneft and a consortium of Trafigura and UCP Investment Group acquired Essar Oil for USD 12.9 billion. The firm was later rechristened Nayara Energy.
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