Acquisitions24 Dec 2025, 03:06 pm
Stonepeak Infrastructure Fund V to Acquire Castrol India Ltd Through BP p.Lc. in $2.3 Billion Deal
AI Summary
Stonepeak Infrastructure Fund V, through its entity Motion JVCo Limited, has agreed to acquire 100% equity share capital of Castrol Group Holdings Limited from BP p.Lc. for $2.3 billion. Castrol Group Holdings Limited holds 100% equity share capital of Castrol Limited, which is the promoter of Castrol India Limited and holds 51.00% of its equity share capital. Upon completion of the transaction, Stonepeak will indirectly acquire sole control over Castrol India Limited. Stonepeak will issue a public announcement for a mandatory open offer as per SEBI regulations.
Key Highlights
- Stonepeak Infrastructure Fund V to acquire Castrol India Limited for $2.3 billion
- Acquisition through BP p.Lc.'s 100% subsidiary, Castrol Group Holdings Limited
- Upon completion, Stonepeak to indirectly acquire sole control over Castrol India Limited
- Mandatory open offer to be issued by Stonepeak as per SEBI regulations
- Closing of the transaction subject to certain conditions precedent