What happens to Essar Oil shares?

The company has announced delisting of its share from the exchange after its takeover by Rosneft and set a floor price of Rs 146.05, but at the time the final discovered price came, Oil Bidco (Mauritius), the promoter of Essar Oil, agreed to pay Rs 262.80 a share, an 80 per cent premium to the floor price.

Who bought Essar Oil?

Rosneft in August 2017 bought Essar Oil for $12.9 billion and later renamed the company Nayara Energy, which now operates a 20-million-tonnes-a year oil refinery at Vadinar, Gujarat.

Is Nayara Energy delisted?

It was a publicly traded company (NSE: ESSAROIL and BSE: 500134) until it was taken private in a leveraged buyout which closed on December 30, 2015. It was delisted valued at ₹380 billion (US$5.3 billion).

Is Essar Oil listed?

Stock not traded in NSE.

Who is the owner of Essar?

Founder. Shashi Ruia, a first-generation entrepreneur industrialist, has made invaluable contributions to the core industrial and infrastructure sectors in India and has steered Essar to a prominent position in the global industry.

When is Essar Oil going to be delisted?

The unusual run-up in the stock price has factored in the delisting announcement made by the promoters of Essar Oil,. Further, the equity shares of Essar Oil will be delisted from the exchanges records from February 17, this year.

Where does Essar Energy own oil and gas assets?

Essar Energy Holdings Limited, Mauritius, an indirect subsidiary of EGFL, is a global investor, owning world-class oil & gas assets which includes Stanlow refinery in the UK and oil and gas blocks in India, Indonesia, Nigeria, Madagascar and Vietnam.

What was the value of Essar Oil in 1995?

EOL was valued at Rs 2,000 crore around the time of its listing in 1995, and has now been valued at about Rs 50,400 crore, a growth of 2420%. This value creation was made possible through continued strategic investments and growth of the businesses since commencement.

Which is the second largest oil refinery in India?

Essar Oil has Private Petrol Pumps, operates the second-largest refinery in Gujarat, India, and 1000-MW power plant along with the Vadinar port and oil terminal. In October 2016, Russia state-owned oil company, Rosneft bought a 49% stake in Essar Oil, along with Russian investment fund United Capital Partners in a deal worth $12.9 billion.