🛢️ About Nayara Energy (Formerly Essar Oil) Limited – Unlisted Shares
🏛️ Company Background
Essar Oil, once part of the Mumbai-based Essar Group, was a prominent player in India's downstream oil sector. The company owned:
A vast network of private petrol pumps
India’s second-largest oil refinery at Vadinar, Gujarat
A 1,000-MW power plant
Vadinar Port and an oil terminal to support refinery operations
🛒 Acquisition by Rosneft & Delisting History
In October 2016, Rosneft (Russia's state-owned oil giant) acquired a 49.13% stake in Essar Oil.
Trafigura and UCP Investment Group collectively acquired another 49.13% stake.
The $12.9 billion deal marked one of the largest foreign direct investments (FDI) in India’s energy sector.
Following this, the company was renamed “Nayara Energy” — a name derived from "Naya" (new) + "Era" (era).
📉 Delisting Details:
Essar Oil was delisted from stock exchanges in 2015–2016.
Final discovered price through the reverse book-building process was ₹262.80/share.
The company paid ₹3,745 crore to public shareholders for delisting.
Funding support was provided via $330 million bridge loan from VTB Bank (Russia).
🔍 About Nayara Energy Today
Nayara Energy is now an integrated downstream energy company, involved in:
Refining crude oil
Marketing petroleum products
Operating a retail network of 3,500+ petrol pumps, with an ambitious expansion plan to reach 6,000 outlets
🌍 Global Backing:
Rosneft – The world's largest public oil & gas firm by liquid reserves
Trafigura – One of the world’s top commodities trading firms
UCP Investment Group – A global private equity and strategic investor
💹 Investment Summary
Unlisted Share Status: Nayara Energy shares are currently unlisted.
Legacy Value: Formerly a listed entity (Essar Oil), delisted with a solid valuation and global strategic shift.
Future Outlook: Backed by oil & gas giants with aggressive expansion in India’s downstream and retail fuel sector.
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