Nayara Energy, a major private fuel company in India, plans to buyback 25.9 million of its shares from its smaller, non-majority owners.

The company, formerly Essar Oil, will pay ₹731 per share. This move aims to provide these minority shareholders with a chance to sell their holdings. Nayara Energy was previously listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE) but was delisted in 2016. This buyback decision, made on March 3, 2025, follows a previous share acquisition from public shareholders during the company's delisting process.