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BSE:500870 25 December 2025

Castrol India Stock in Focus on 25 Dec 2025: Open Offer at ₹194.04 After BP Sells Castrol Stake to Stonepeak

Castrol India Stock in Focus on 25 Dec 2025: Open Offer at ₹194.04 After BP Sells Castrol Stake to Stonepeak

BP agreed to sell a 65% stake in Castrol to Stonepeak for $10.1 billion, triggering a mandatory open offer for up to 26% of Castrol India at ₹194.04 per share. CPP Investments will invest up to $1.05 billion for an indirect stake. Castrol India shares jumped 9% to ₹202.40 on December 24 after the news. The transaction is expected to close by end-2026, pending regulatory approvals.
25 December 2025
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Stock Market Today

  • Lake City Bank Q1 Earnings Outperform Regional Banks Despite Mixed Metrics
    May 19, 2026, 4:27 AM EDT. Lake City Bank (NASDAQ:LKFN) reported a 9.1% year-on-year revenue increase to $70.81 million in Q1, slightly beating analyst estimates. However, the bank missed projections on net interest income and tangible book value per share. The board declared a 4% dividend increase to $0.52 per share, reflecting confidence in loan growth and shareholder returns. Despite Lake City's gains, regional bank stocks overall declined 3% post-earnings amid sector headwinds including fintech competition, deposit outflows, and regulatory pressures. UMB Financial led the sector's Q1 performance. Lake City Bank shares have dipped 2.6% since the results, trading at $58.15 as of early May 2026.

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