Open offer for 26% of Castrol India at Rs 199.45 per share

Open offerStrategic Transactions View source PDF Explain this filing

CASTROLIND · price

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

-1.5%Reaction day

₹194.13

prior close

₹193.37

announcement price

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Nifty Smallcap 250marketpendingvs market: pending

Lubricants peers, median of 6sector-0.2%-1.3% vs sector

On the reaction day the stock moved 1.3 pts less 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

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UpDownMarket · Nifty Smallcap 250Sector · Lubricants peers, median of 6Pending

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

AI summary

UBS filed the detailed public statement for Motion JVCo and partners' mandatory open offer for up to 25.72 crore Castrol India shares, or 26% of equity, at Rs 199.45 per share. It follows Motion JVCo's October 30, 2026 acquisition of control over promoter Castrol Limited and its 51% voting rights. Maximum cash consideration is Rs 512.93 crore if fully accepted.

Likely market impact

Shareholders can tender at Rs 199.45 per share, with proportional acceptance if demand is high. New owners may change strategy.