Castrol's India unit jumps as BP plans to sell 65% stake to Stonepeak
ReutersDec 24, 2025 7:57 AM
Shares of Castrol India CAST.NS jump 8.5% to 201.80 rupees
BP BP.L to sell a 65% stake in Castrol to investment firm Stonepeak for about $6 bln
Stonepeak says Cananda's CPPIB to invest up to $1.05 bln as part of the deal; will gain indirect stake in Castrol at an enterprise value of ~$10.1 bln
Castrol held 51% stake in Castrol India as of September-end - exchange data
Trading vols 9.7x the 30-day average at 10.7 mln shares
CAST up ~4% YTD
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