ET EnergyWorld on MSN
Oil change: BP to exit Castrol India
This deal involves an open offer to public shareholders for an additional 26% stake, marking a significant scaling back of BP ...
Stonepeak transaction has brought Castrol India into focus, but while margins, cash flows and brand strength remain robust, ...
CPPIB and Stonepeak will launch a Rs 4,990 crore open offer to buy up to 26% of Castrol India at Rs 194 per share following ...
BP on Wednesday said it has reached an agreement to offload 65% shareholding in Castrol, generating total net proceeds of ...
Canada Pension Plan Investment Board and U.S. private equity firm Stonepeak will launch an offer to purchase a stake of up to ...
Castrol India stock rose 8.92% to Rs 202.50 in afternoon trade. Market cap of the firm stood at Rs 18,936 crore.
Shares of Castrol India rose as much as 8.85% to hit an intraday high of ₹202.40, after BP announced that it has reached an ...
Castrol India shares rose after global oil giant BP reached an agreement to offload a 65 per cent stake in Castrol at an ...
BP plc has sold a 65% stake in its subsidiary, Castrol India, to Stonepeak for $10 billion. This deal will form a new joint venture with Stonepeak owning 65% and BP holding 35%. The company aims to ...
The transaction follows a strategic review of Castrol and values the business at an enterprise value of $10.1 billion, ...
Outlook Business on MSN
Stonepeak, CPPIB to Launch Open Offer for Castrol India at Premium after BP Deal
Canada Pension Plan Investment Board and US private equity firm Stonepeak will launch an open offer to buy up to 26% stake in ...
Stonepeak and CPPIB plan an open offer to acquire 26% of Castrol India at ₹194.04 per share, boosting shareholder value.
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