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Gulf Oil Lubricants’ promoter sells 4.47% stake in company

30 Sep 2024 Evaluate

Gulf Oil Lubricants India’s promoter -- Gulf Oil International (Mauritius) Inc. has sold 22,00,000 equity shares representing only 4.47% of the total issued and paid-up share capital of the Company on September 26, 2024, in order to increase the free float and liquidity in the secondary market. There is no further dilution in the holding anticipated by the group in the foreseeable future. Post this transaction, Gulf Oil International (Mauritius) Inc, promoter of the company will continue to hold 67.22% in the company.

As one of the largest independent downstream lubricant companies, Gulf Oil International operates in over 100 countries globally. Over the past few years, it has invested worldwide in lubricants sector and acquired new plants and businesses in Singapore and Brazil and is very optimistic about future of lubricants business globally. India remains a key focus area for Gulf Oil International being the fastest growing major global economy. The company is fully committed to the future of the lubricants industry in India and its growth prospects, driving the business forward to achieve new goals and scale greater heights.

Gulf Oil Lubricants, part of Hinduja Group, is an established player in Indian lubricant market. It markets a wide range of automotive and industrial lubricants, greases, 2-wheeler batteries, etc.


Gulf Oil Lubricant Share Price

971.55 21.00 (2.21%)
17-Apr-2026 16:59 View Price Chart
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