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Nayara Energy, backed by Russian entities, offers $217.5M buyback to minority shareholders.
Nayara Energy, India's largest private fuel retailer and a company backed by Russian entities, plans to buy back shares from minority shareholders for about $217.5 million.
The company will purchase 2.59 crore shares at ₹731 each, offering an exit to those who have not been able to liquidate their shares since the company's delisting in 2016.
The buyback aims to provide an exit opportunity and consolidate the company's stock.
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Nayara Energy, respaldada por entidades rusas, ofrece recompra de $217,5 millones a accionistas minoritarios.