ET EnergyWorld on MSN
Oil change: BP to exit Castrol India
This deal involves an open offer to public shareholders for an additional 26% stake, marking a significant scaling back of BP ...
CPPIB and Stonepeak will launch a Rs 4,990 crore open offer to buy up to 26% of Castrol India at Rs 194 per share following ...
BP on Wednesday said it has reached an agreement to offload 65% shareholding in Castrol, generating total net proceeds of ...
In 2024, Stonepeak closed a take‑private transaction for Akumin Inc., a radiology and oncology services player, that led to the company’s delisting from the Toronto Stock Exchange and the OTC Pink ...
BP selling 65% stake in its iconic Castrol lubricants business to US-based investment firm Stonepeak. In a major development for Indian investors, BP's agreement to sell a 65 percent stake in its ...
The buying on the counter came after Motion JVCo Limited, together with Stonepeak Motion Holdco Limited and CPP Investment ...
Stonepeak transaction has brought Castrol India into focus, but while margins, cash flows and brand strength remain robust, ...
Outlook on MSN
Stonepeak, CPPIB to launch open offer for Castrol India
Stonepeak and CPPIB plan an open offer to acquire 26% of Castrol India at ₹194.04 per share, boosting shareholder value.
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 ...
Stonepeak and CPPIB launch open offer to buy 26% stake in Castrol India at a premium after BP deal. Details on the acquisition and impact.
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