Gulf Oil International (Mauritius) Inc, a promoter group entity of the Hinduja group company Gulf Oil Lubricants India, has increased its stake in the company to 64.94% from 62.5% by acquiring shares in the open market through block deals.
The promoter group entity has been increasing its stake in the company after the demerger of the parent Gulf Oil Corporation, which later resulted in two listed entities, one for the lubricants business and the other Gulf Oil Corporation.
As of March 2015, the promoter group held 59.95%, FIIs 12.36%, DIIs 10.55% and others 17.14%.
Gulf Oil Lubricants India, is one of the leading private sector players in the lubricant industry & currently the fastest growing lubricant marketer in India.
Company Name | CMP |
---|---|
Castrol India | 202.80 |
Savita Oil Tech | 527.35 |
Gulf Oil Lubricant | 1010.50 |
Gandhar Oil Refinery | 218.10 |
Panama Petrochem | 403.05 |
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