Of the 14.25 crore shares held by public shareholders, the promoters have acquired 10.1 crore shares through an offer made to shareholders, as against the requirement of 9.26 crore shares for delisting.

The shareholders tendered their shares between December 15 and 21 through the reverse book building window made available to them under the delisting regulations.

While the floor price for the delisting was set at Rs 146.05 per share, Oil Bidco (Mauritius) has agreed to pay Rs 262.80 per share, which is a premium of 80 percent.

The Essar Oil stock has seen sustained and significant growth since its IPO in 1995.

Over the years, Essar Group, through privatisation of its corporate entities Essar Oil, Essar Ports, Essar Steel and India Securities, has made a payout of over Rs 7,200 crore to investors, thus providing substantial returns.

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