Everything you need to know about the Nayara Energy Limited Buyback Offer 2025

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Nayara Energy Limited has announced a Buy-back Offer to repurchase up to 2,59,08,262 equity shares, representing 1.74% of its total paid-up equity share capital. The offer price is ₹731 per share, payable in cash, for a total consideration not exceeding ₹1,893.89 crore. The buyback is open to all eligible shareholders on a proportionate basis as of the record date, March 28, 2025. You can check the company’s announcement here.

Nayara Energy Limited is not currently listed on any stock exchange. The company, formerly known as Essar Oil Limited, was delisted from both BSE and NSE on February 17, 2016.

All shareholders holding shares as of the record date, March 28, 2025, are eligible to participate in the buyback on a proportionate basis.

Open Offer Schedule

Event Date
Opening date of Tendering Period April 11, 2025
Closure date of Tendering Period May 07, 2025
Credit of payment for accepted shares/credit of unaccepted shares to the Demat account May 29, 2025

How to tender shares in the Open Offer?

Since Nayara Energy is unlisted and the shares are not traded on a stock exchange, the buy-back must be conducted offline through an off-market transfer.

To tender shares, shareholders must transfer them to the designated escrow depository account using a duly filled Delivery Instruction Slip (DIS).

Here’s how you can tender the shares:

A duly filled Delivery Instruction Slip (DIS) should be sent to Zerodha to transfer the shares to the escrow depository account. You can refer to this support article for the procedure to transfer shares using DIS.

Details of the Demat Account to Transfer Shares

Nayara Energy Limited
Name of the Depository Participant Ventura Securities Limited
DP ID IN303116
Client ID 15534984
Account Name MIIPL NAYARA ENERGY BUYBACK ESCROW DEMAT ACCOUNT
Depository NSDL
ISIN INE011A01019
Mode of Instruction Off Market
PAN for off-market transfer to Escrow Account AAACE0890P

The above details are fetched from the LOF page 08. You can refer to the offer letter here.

Registrar and Transfer Agent Contact Details

  • MUFG Intime India Private Limited (formerly Link Intime India Private Limited)
  • Address: C-101, 247 Park, Lal Bahadur Shastri Marg, Vikhroli (West), Mumbai 400 083
  • Telephone: +91 8108114949
  • Email: [email protected]
  • Website: https://in.mpms.mufg.com/

For further assistance, shareholders may contact the company at [email protected] or visit the official website of Nayara Energy Limited at Investor Relations - Nayara Energy Limited.

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Can I participate in nayara buyback directly using CDSL easiest? Using below steps -
How to transfer shares from the Zerodha account to other CDSL demat account using CDSL Easiest?.

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Were you able to initiate buyback using CDSL Easiest ? As the escrow account given is for NDSL …

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I’ve been holding physical shares of [Company Name] since its IPO in 1995. Back in 2008, I attempted to dematerialize them through Karvy, but the request was rejected due to a signature mismatch. Karvy returned them to me but with a stamp on the share certificates with “Surrendered for Dematerialization”, along with a DPID: IN300394.

I have a few questions and would appreciate any guidance:

  1. Can I submit physical share certificates for the current buyback offer? I don’t have time to complete the demat process right now.
  2. Will the “Surrendered for Dematerialization” stamp on the certificates cause any issues with tendering them in the buyback?
  3. One of my certificates is labeled “Debenture-cum-Share Certificate”. What does that mean? Am I eligible for any additional amount related to the debenture part?

Any advice or pointers to relevant rules or past experiences would be very helpful.

Thanks in advance!

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The pdf document shared by MUFG Intime states that we can initiate online transfer through online. I think they are referring to cdsl easiest mode.
But while adding the bo id provided for this account as trusted account in cdsl easiest we are getting an error message “Non CM /Non Regular/CLOSED a/c cannot be Mapped”.
Only on completing this step i think you can initiate the trade setup .
I informed the same by raising this concern to both cdsl easiest and mufg intime.

Better you reach out to MUFG intime or your DP and talk with them quickly to resolve this.
They might help you out to make off market transfer of shares.

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any option to submit request online?

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If you wish to transfer securities to an NSDL demat account, you cannot add the NSDL demat account number as a ‘trusted account’ in your CDSL Easiest portal if the mode of operation is set to ‘trusted account.’

You can transfer securities to an NSDL demat account via CDSL Easiest only if you have purchased a digital token and mapped it to your CDSL Easiest login, as explained here.

Alternatively, if you want to transfer shares and mutual funds to an NSDL demat account more quickly, you can follow the offline process. For detailed steps to transfer the securities via DIS click here.

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@Vignesh_Gopal_B We can’t using CDSL easiest?

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Technically, you can transfer the shares for the buyback via CDSL easiest. However, for the Nayara buyback, the target account is on NSDL. To proceed via CDSL easiest, you will need to purchase a digital token and have it mapped to your CDSL easiest account. This requires couriering the RA form (needed to map the digital token) to Zerodha. The entire process may take up to 7 working days. The detailed process is explained here.

A quicker alternative is to transfer the securities to the NSDL account using a DIS (Delivery Instruction Slip). If you are in Bangalore, you can visit the Zerodha support office and submit the DIS in person, allowing it to be processed on the same day.

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