Shareholding2 Nov 2026, 01:38 pm
Castrol India Indirect Control Shifted to Stonepeak
AI Summary
Castrol India Limited's ultimate holding company, Castrol Limited, has undergone a change in indirect control. BP p.l.c. sold 100% of Castrol Group Holdings Limited (which holds Castrol Limited) to Motion JVCo Limited, an entity part of Stonepeak Infrastructure Fund V. This transaction, completed on October 30, 2026, means Stonepeak indirectly acquired sole control over Castrol India, which has a promoter holding of 51.00% equity share capital. BP retains a non-controlling interest in the acquiring entity.
Key Highlights
- Indirect control of Castrol India shifted from BP to Stonepeak.
- Acquirer, Motion JVCo Limited, bought 100% of Castrol Group Holdings.
- Castrol Limited, promoter of Castrol India, is now indirectly controlled by Stonepeak.
- BP retains a 35% non-controlling interest in the acquiring entity.
- The transaction impacts the promoter's voting rights and control over Castrol India.
Price Impact
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