Castrol India: Mandatory open offer at INR 194.04 per share after BP stake sale

Listed Co AcquisitionOpen Offer TriggeredStrategic 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

+2.6%Reaction day

₹189.30

prior close

₹193.89

announcement price

After-mkt

timing

Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)-0.2%+2.8% vs market

Lubricants peers, median of 5sector-0.3%+3.0% vs sector

On the reaction day the stock moved 2.8 pts more than Nifty Smallcap 250 and 3.0 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

+0.9

10m

+1.1

15m

+1.4

30m

+0.7

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+2.6-0.2+2.8-0.3+3.0

Next day

+0.5-0.7+1.2-1.8+2.2

-0.4-0.9+0.5-1.3+0.9

+1.7+0.2+1.5-2.0+3.7

+1.0+0.1+0.9+1.0+0.0

+1.3+0.9+0.4+1.3+0.1

+0.4+0.9-0.5-2.2+2.6

15d

-2.9-3.7+0.8-8.6+5.7

-2.9-7.8+4.9-11.6+8.8

-1.1-3.6+2.5-4.9+3.9

-7.4-12.0+4.6-20.8+13.4

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 p.l.c. is selling its indirect 51% stake in Castrol India (via Castrol Group Holdings and Castrol Limited) to Motion JVCo Limited, a consortium of Stonepeak and CPP Investment Board. This triggers a mandatory open offer for 26% (25.71 crore shares) at INR 194.04 per share, worth about Rs 4,990 crore. After deal plus full acceptance, acquirer would hold 77%. Subject to antitrust and foreign investment approvals across 20-plus countries.

Likely market impact

Public shareholders can tender at INR 194.04 (price may rise 10% yearly till DPS). Signals change of controlling shareholder from BP to Stonepeak-CPP consortium.