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  3. Nayara Energy to make buyback offer to minority shareholders

Nayara Energy to make buyback offer to minority shareholders

6 Mar 2025

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Key Takeaways

Nayara Energy’s ₹731 per share buyback provides liquidity for 2 lakh minority shareholders, resolving post-delisting constraints with a fair valuation approach.

Nayara Energy’s ₹731 per share buyback provides liquidity for 2 lakh minority shareholders, resolving post-delisting constraints with a fair valuation approach.

nayara-energy unlisted shares

Nayara Energy

0.23%

Expert Analysis

Nayara Energy Announces ₹731/Share Buyback for Minority Shareholders.

Expert Analysis :

  • Delisting History: Formerly Essar Oil, the company was delisted from BSE and NSE on February 17, 2016.

  • Buyback Offer: On March 3, 2025, Nayara Energy’s Board approved a buyback of 2,59,08,262 shares at ₹731 per share to offer minority shareholders an exit.

  • Delisting Process: The erstwhile promoter acquired shares from public shareholders through reverse book building and an exit offer from February 2016 to February 2017.

  • Remaining Shareholders: Over 2 lakh retail shareholders still hold shares as they did not participate in the delisting or exit offer.

  • Liquidity Issue: Minority shareholders, unable to trade their shares, have repeatedly requested an exit opportunity from the company.

  • Buyback Pricing: An independent valuation set the buyback price at ₹731 per share, with the schedule and Letter of Offer to be finalized soon.

  • Ownership Change: In 2017, Rosneft, Trafigura, and UCP acquired Essar Oil for $12.9 billion, renaming it Nayara Energy.

Publisher:Msn