Castrol India has completed the acquisition of 7.09% stake (on a fully diluted basis post acquisition) in ki Mobility Solutions on January 10, 2023. ki Mobility is a part of TVS Mobility group, one of the large players in the India automotive industry and houses all the recent acquisitions of the TVS Mobility group in the India automotive aftermarket.
This Strategic investment is aimed at expanding Castrol India’s presence in the aftersales service & maintenance segment. This will drive value generation on account of accelerated pursuit of service and maintenance ambition. Both Castrol and ki Mobility will explore business and technology collaborations under this partnership, to bring transformative disruption within the currently fragmented automotive service sector and create leadership position together with a forward focus on EV readiness.
Castrol India is an India-based company engaged in providing coke and refined petroleum products. The company is involved in manufacturing lubricating oils.
Company Name | CMP |
---|---|
Castrol India | 187.55 |
Savita Oil Tech | 506.45 |
Gulf Oil Lubricant | 963.60 |
Gandhar Oil Refinery | 204.50 |
Panama Petrochem | 373.30 |
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