The Exchange has sought clarification from Castrol India Limited with respect to recent news item captioned BP to sell 65% stake in Castrol to Stonepeak for $6 bn, Castrol India shares rise 8%. The response from the Company is attached.
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NSE asked Castrol India to clarify on media reports that BP plans to sell its 65% stake in Castrol (global) to Stonepeak for $6 billion, news that had pushed Castrol India shares up about 8%. The company stated it is not a party to and is not involved in any negotiations or discussions between the parties mentioned in the article. It referred back to its earlier disclosure made on 24 December 2025 under SEBI LODR Regulations (Reg 30 and Reg 30A). No new information or material event was disclosed in this response beyond reiterating that prior announcement.
For shareholders, the key takeaway is that Castrol India itself is not a direct party to the parent-level stake sale talks, so there is no fresh corporate action from the company. However, since BP is Castrol India's promoter, any change in BP's stake at the global Castrol level could indirectly affect promoter holding and potentially trigger an open offer — investors should monitor for any further disclosures or open offer announcements.