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Essar Oil Delisting: What It Means for Shareholders

In 2016, Essar Oil Limited was delisted from the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) and later rebranded as Nayara Energy. If you still hold physical share certificates of Essar Oil, you might be wondering what to do next.


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How Was Essar Oil Delisted?

The delisting was done under SEBI’s Delisting of Equity Shares Regulations, 2009. Here’s how the process unfolded:

  1. Floor Price: The process started with a floor price of ₹146.05 per share.

  2. Final Exit Price: Through a reverse book-building process, the final exit price was determined at ₹262.80 per share—an 80% premium over the floor price.

  3. Shareholder Payout: ₹3,745 crore was paid to shareholders who tendered their shares during the delisting process.


What If You Still Hold Essar Oil Shares?

Many shareholders did not tender their shares during the delisting process. If you still hold physical share certificates, you must first dematerialize them before selling them.


Dematerialization is the process of converting physical shares into electronic form so that they can be traded.


How to Dematerialize Your Essar Oil Shares?

At LawFin Advisor, we make the dematerialization process simple and hassle-free for you. Here’s how it works:

  1. Open a Demat Account – If you don’t have one, we help you open a Demat account with a Depository Participant (DP).

  2. Submit Your Physical Share Certificates – You need to submit your original Essar Oil share certificates along with a Dematerialization Request Form (DRF).

  3. Verification & Conversion – The DP sends your request to the company’s registrar for verification. Once approved, the shares are credited to your Demat account.

  4. Find a Potential Buyer – After dematerialization, we assist you in finding a buyer for your shares.

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Why Choose LawFin Advisor?


✅ Expert Assistance: We specialize in recovering unclaimed shares and funds.

✅ Hassle-Free Process: We handle all paperwork and liaise with relevant authorities.

✅ Quick Support: Our team provides end-to-end support, ensuring a smooth experience.


If you still hold Essar Oil shares, don’t let them go to waste! Contact LawFin Advisor today to dematerialize and sell your shares hassle-free.


📞 Call/WhatsApp: +91-8839401961 / 7987768169

🌐 Visit: www.lawfinadvisor.com


 
 
 
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