Essar Oil initiated the delisting process in June 2014 when the company’s board approved it and fixed the floor price at ₹ 108.18 per share. This deal then may work as an icing on the cake, if happens at fair value. We at UnlistedZone provided the facility to open one. What would happen if Delisting fails 8. C Manoharan ,Director & Head of Refinery The issue was subsequently looked into by all the entities concerned -- Essar Oil, LIC, BSE and the custodian for LIC shares, StockHolding Corp. "Due to technicalities relating to timing of the confirmation of some of the institutional offers received for the delisting process of Essar Oil, the matter is being referred to Sebi for their decision," BSE had said earlier. The investment groups of the company renamed the Essar oil to “Nayara” the name coined from “Naya” new and Era in May 2018. The shareholder still owns the same percentage of the company as before, and he is free … Nayara Energy Promoter Rosneft is looking to acquire stakes in Bharat Petroleum and meeting Minister Dharmendra Pradhan. 1. 2. Only the name has been changed. You just need to contact the registrar and convert these shares in demat form. 1. https://economictimes.indiatimes.com/industry/energy/oil-gas/indias-nayara-energy-closes-750-mln-pre-pay-with-trafigura-bp/articleshow/69129471.cms, I have 100 shares of Essar Oil . The biggest delisting so far in India was from the Essar group which took Essar Oil private after paying Rs 3,745 crore in 2015. In demat, you will get shares of Nayara Energy. Your Reason has been Reported to the admin. Simple math suggests the acquirers paid approximately Rs 355 per share to Essar Oil’s promoters – a 35 percent premium to the delisting price. MUMBAI: The Ruais of Essar group are back with the delisting game. 6. Stay tuned to UnlistedZone for such more news and happening. I have 100 shares of essay oil can tht be converted to Nayara energy r I have to sell them…. In 2016 Essar Oil was acquired by Rosneft, the world’s largest public oil and gas company by liquid hydrocarbon production and reserves and an investment consortium led by global commodity trading firm Trafigura & UCP Investment Group. If, yes, then through the process of transmission shares can be transferred in your name. 2. Essar Oil completes India's largest delisting after Rs 3,745-crore payout - While the company's market capitalisation stood at just Rs 2,000 crore in 1995, on Wednesday, it is over Rs 38,000 crore at the delisting price. Mirae Asset Emerging Bluechip Fund Direct-Growth, ICICI Prudential Bluechip Fund Direct-Growth. 1. a) Rich experience in the Banking and Finance industry. The Company has three biggest shareholders Namely Rosneft, Trafigura, and UCP Investment Group. This article is very knowledgeable for everyone. B Anand, Chief Executive Officer b) Prior to Nayara Energy, he was the CFO of Snapdeal and has held senior positions with Aircel, Interglobe Aviation, COLT Telecom & Bharti Airtel. Will Big Bull Jhunjhunwala’s Rs 730 crore stock bet pay off. Inciting hatred against a certain community, A workplace that cares for your health and hygiene, I wrongly believed economy won’t revive without a stronger fiscal stimulus: Swaminathan Aiyar, Tweet Buster: Zerodha founder on trading vs gambling; stock-picking tips for long term, Long & Short of Markets: Is Jhunjhunwala right once again, Raamdeo's mantras & other top reads, Sebi fines Reliance Industries, Mukesh Ambani, two other entities. This articles are not only knowledge enhancers but also very interesting to read and to learn to compare from.for more info:-you can go to tcgfunds website. Then, these shares need to be converted into Demat form. This will alert our moderators to take action. Read more about Essar Oil hits the roof after disclosing delisting floor price on Business Standard. Essar Oil was part of the Essar Group based out in Mumbai before it was acquired by Rosneft a Russian Company. Nayara Energy is also looking to expand its network of the petrol pump to ramp up the expansion in India. SAT PAL SHARMA, spsharma62@gmail.com, 9315444812. Iwas asking wether at this time is there any chance to sell my pending share of Essar Oil which was converted from OFCD in 1997? Click one of our member below to chat on, Click Here to Buy or Sell Nayara Energy (Formerly Essar Oil) Limited Unlisted Shares. 3. EO264229, Certificate No. Essar Oil Ltd's plan to delist its shares was approved by the National Stock Exchange late last week, a company spokesman said on Monday, sending Essar shares up as much as 19.8 per cent. 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