BP to sell 65% of Castrol to Stonepeak at USD 10.1 billion EV

Marquee Jv AnnouncedListed Co AcquisitionStrategic Transactions View source PDF Explain this filing

CASTROLIND · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

+2.0%Reaction day

₹185.61

prior close

₹191.30

announcement price

In-mkt

timing

Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)+0.1%+1.9% vs market

Lubricants peers, median of 5sector-0.9%+2.9% vs sector

On the reaction day the stock moved 1.9 pts more than Nifty Smallcap 250 and 2.9 pts more than its Lubricants peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.3

10m

-0.4

15m

-1.0

30m

-0.9

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+2.0+0.1+1.9-0.9+2.9

Next day

+4.7-0.1+4.8-0.6+5.2

+2.5-0.7+3.1-2.3+4.8

+1.6-0.9+2.5-2.8+4.4

+3.8+0.3+3.5-1.2+5.0

+3.0+0.2+2.9+0.3+2.8

+3.2+1.3+1.9+0.3+2.9

15d

-0.2-2.6+2.4-6.3+6.1

-0.9-7.8+6.8-9.3+8.4

+0.8-4.2+5.0-5.3+6.2

-6.2-12.4+6.2-14.5+8.3

UpDownMarket · Nifty Smallcap 250Sector · Lubricants peers, median of 5Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

BP, Castrol India's ultimate parent, will sell 65% of global Castrol to Stonepeak at enterprise value of USD 10.1 billion, about 8.6x EV/EBITDA. A new 65-35 joint venture between Stonepeak and BP forms after closing. BP retains 35% with exit option after two years. Net proceeds to BP of about USD 6 billion go to debt reduction. Deal covers the 49% stake in listed Castrol India. Expected to close by end 2026, subject to approvals.

Likely market impact

Parent-level ownership change with new Stonepeak-BP 65-35 JV forming. Castrol India is part of the broader deal. Watch for regulatory outcomes.