Kedar Lele, Managing Director at Castrol India, has wrapped up his 15-month journey with the company, he announced through a LinkedIn post. Lele's exit will be effective December 31, 2025, bringing ...

BP p.l.c. is executing a $20B divestment program, highlighted by the $10B Castrol sale to Stonepeak, to accelerate net debt reduction. The Castrol divestment aligns BP with activist demands for higher ...

BP p.l.c. is divesting 65% of its Castrol brand to Stonepeak for $6 billion, accelerating its $20 billion divestment plan. BP will use the $6 billion proceeds to reduce net debt, targeting a $14B–$18B ...

Canada Pension Plan Investment Board and US private equity firm Stonepeak will launch an open offer to buy up to 26% stake in Castrol's Indian unit at a premium to the current trading price, according ...

The shares of Castrol India gained nearly 5 percent on December 26 after Motion JVCo, Stonepeak, and CPP Investment Board launched an open offer to acquire 26% stake in the company. The shares of the ...

Canada Pension Plan Investment Board and US private equity firm Stonepeak will launch an open offer to buy up to 26 per cent stake in Castrol's Indian unit at a premium to the current trading price, ...

The deal reflects a shift in how investors view businesses like Castrol — less as consumer brands, and more as industrial infrastructure embedded in the global economy. Stonepeak, a US investment firm ...

MUMBAI: Castrol India is set for a change in ownership, with New York-based investment firm Stonepeak to acquire a majority stake in the lubricants maker from Britain’s BP as part of a $6-billion ...

bp will divest a 65% stake in Castrol to Stonepeak for an enterprise value of $10.1 billion. The lubribants-business deal is expected to generate around $6 billion in net proceeds, aiding bp's debt ...

Castrol India shares surged over 8% after BP's stake sale announcement. BP to sell 65% stake in Castrol to Stonepeak, valuing it at $10.1 billion. BP aims to reduce net debt to $14–18 billion by 2027 ...

Castrol has been around for 126 years and is one of the largest and most recognizable lubricant companies in the world. However, they have a new owner as Britain’s BP has announced plans to sell a 65 ...

NEW DELHI: BP on Wednesday announced the sale of a 65% shareholding in Castrol to US-based Stonepeak at an enterprise value of $10.1 billion. In a press note, the company said the transaction is ...