BP sells 11.5% stake in Castrol India

BP has sold its 11.5% stake in Castrol India for about Rs 2,075 crore to a range of domestic and international investors. BP, which held 70.92% stake in Castrol India, sold 5.68 crore share at an average price of Rs 365.

Castrol India is the leading automotive and industrial lubricant manufacturing company in India providing technically superior synthetic, part synthetic and conventional engine oils and specialty lubricants for your car, motorcycle, truck and tractor.