Castrol India: Open Offer for 26% Stake at ₹199.45 Per Share
UBS Securities India Pvt Ltd, as the Manager to the Open Offer, has submitted a Detailed Public Statement to BSE regarding an open offer for Castrol India Limited. Motion JVCo Limited, along with its persons acting in concert (PACs), is making an open offer to acquire up to 25,71,71,820 equity shares, representing 26.00% of the total equity share capital. The offer price is set at ₹199.45 per equity share. This open offer is a consequence of an indirect acquisition of substantial equity shares, voting rights, and control over Castrol India Limited by the Acquirer, which was completed on October 30, 2026. The public announcement for this offer was initially made on December 24, 2025. The detailed public statement was published on November 6, 2026, in Business Standard (English and Hindi) and Navshakti (Marathi).
Key Highlights
- Open offer to acquire 26% stake in Castrol India.
- Offer price set at ₹199.45 per equity share.
- Acquisition follows indirect control change on Oct 30, 2026.
- UBS Securities managing the open offer process.
- Detailed public statement published on Nov 6, 2026.
Price Impact
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