Stonepeak Indirectly Acquires Control of Castrol India

Castrol India Limited announced that on October 30, 2026, Motion JVCo Limited, an entity part of Stonepeak Infrastructure Fund V, acquired 100% of Castrol Group Holdings Limited. This entity in turn holds 100% of Castrol Limited, which is the promoter of Castrol India and holds a 51% stake. Consequently, Motion JVCo Limited has indirectly acquired sole control over Castrol India. Simultaneously, Stonepeak issued shares to BP Motion Holdings Limited, an indirect subsidiary of bp, giving bp a non-controlling interest of 35% in the Acquirer.