History of Essar Oil
Essar Oil was part of the Essar Group based out in Mumbai before it was acquired by Rosneft a Russian Company.
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 $12.9 billion. Other investors include Trafigura and UCP Investment Group. They renamed the company to ‘Nayara’, coined from “Naya” (New) and “Era”, in May 2018.
After the acquisition of 49.13% stake by Rosneft and another 49.13% by Trafigura and UCP Investment Group, the new owners of Essar Oil aim to scale up the company’s petrol pump network to 6,000 outlets in India from 3,500 now.
About Nayara Energy (Formerly Knows as Essar Oil)
Nayara Energy (formerly known as Essar Oil) is an integrated downstream oil company of international scale encompassing the entire hydrocarbon value chain from refining to production and marketing, across segments, including retail. In 2016 Essar Oil was acquired by Rosneft, the world’s largest public oil and gas company by liquid hydrocarbon production and reserves and an investment consortium led by global commodity trading firm Trafigura & UCP Investment Group. Essar Oil has since been renamed as Nayara Energy.
Milestone after the Acquisition:
1. The company after being acquired by New Management Raised INR 2,400cr (c. US$ 355mn) through its placement of nonconvertible debentures in 2018.
2. Local credit rating1 upgraded by three notches to “AA”.
3. Refinancing of INR Debt for optimization of capital structure.
| Total Available Shares: | Not Available |
| Face Value: | ₹ 10 Per Equity Share |
| ISIN: | INE011A01019 |
| Lot Size: | 100 Shares |
| Current Unlisted Share Price: | ₹ Best in Industry Per Equity Share |
| Retail Discount: | Bulk Deal (1%) |
| Year | Revenue | EBITDA | OPM | Finance Cost | PAT | Equity | EPS |
| 2017 | 74,923 | 11169 | 14.9% | 3772 | -2523 | 150.716 | -16.74 |
| 2018 | 86,992 | 7984 | 9.2% | 3367 | 530 | 150.716 | 3.5 |
| 2019 | 1,00,313 | 5,630 | 5.6% | 2562 | 761 | 150.716 | 5.05 |
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Avinash Pushkarna
I along with my wife hold 200 shares of ESSAR OIL Ltd. which had been issued to us in 1994. The shares are still in the physical form. I would like to know after the takeover of the company and its reincorporation as Nayara Energy would affect our status? What formalities we must complete becoming shareholders in the new company? How is the new company faring as regards the payment of dividends etc. ?
Market Wizard
Sir,
1. Please convert the shares in demat first.
2. No change in status has happened. Only the name has been changed.
3. You just need to contact the registrar and convert these shares in demat form. In demat, you will get shares of Nayara Energy.
4. The company is doing good after the takeover.
Goutam chand
I have 100 shares of essay oil can tht be converted to Nayara energy r I have to sell them….
MUTHYALA VASUDEVA
I have more essar oil limited shares with me which was bought in the year 1995.now i want to sell those shares but don’t know where to sell those can u help me with that
Market Wizard
Hi,
Sir please drop your mobile number at sales@unlistedzone.com
SP SHARMA
I HAVE ESSAR OIL SHARES 100 NOS 102316903 TO 102317002 CERTIFICATE NO 145606 PURCHASED ON DATED 21-04 -1995. I WANT TO SELL THE SAME , PLEASE LET ME KNOW THE PROCES TO BE ADOPTED.
REGARDS
SAT PAL SHARMA, spsharma62@gmail.com, 9315444812
Market Wizard
Sir,
First, you need to open a Demat account. We at UnlistedZone provided the facility to open one.
Then, these shares need to be converted into Demat form.
Finally, you can sell to us.
Please drop us an email for the account opening request and our team will contact you for further assistance.
Bimla Devi
My husband Sunil Kumar Chhabra purchased 100 shares of Essar Oil Limited on 21 Apr 1995, bearing Regd. folio no. EO264229, Certificate No. 243379, Distinctive No(s) 114741403 to 114741502. Unfortunately my husband died on 07 Jan 2016. Now I want to redeem the shares. You are requested to guide me through the process. My Email ID is rocksings0810@gmail.com Address Bimla Devi, 1399/35, St. No. 13, Guru Nanak Nagar, Patiala (Punjab) -147003, Mob : 9646800879, 8847384328
Market Wizard
Is your husband made you a nominee, before death? If, yes, then through the process of transmission shares can be transferred in your name. Else, the procedure is complex.
Market Wizard
Nayara Energy Promoter Rosneft is looking to acquire stakes in Bharat Petroleum and meeting Minister Dharmendra Pradhan.
If this goes through, it would be a big positive for Nayara Energy, as they will get instant access to a huge network of Bharat Petroleum petrol pumps and franchises. Nayara Energy is also looking to expand its network of the petrol pump to ramp up the expansion in India. This deal then may work as an icing on the cake, if happens at fair value.
let us see how things unfold.
Stay tuned to UnlistedZone for such more news and happening.
Rajkiran Pawar
I have 100 Shares with me, want to sell, whats the price going on?
Market Wizard
Hi Rajkiran,
Thanks for contacting UnlistedZone
At present we are offering a price of Rs.85 per share for Nayara Energy.
Market Wizard
https://economictimes.indiatimes.com/industry/energy/oil-gas/indias-nayara-energy-closes-750-mln-pre-pay-with-trafigura-bp/articleshow/69129471.cms
Bhubneshwar Prasad
I have 100 shares of Essar Oil . I want to sell them