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NSE:CASTROLIND 25 December 2025 - 26 December 2025

BP’s $10.1bn Castrol Deal: Stonepeak Buys 65% Stake as Castrol India Open Offer Sets ₹194.04 Price

BP’s $10.1bn Castrol Deal: Stonepeak Buys 65% Stake as Castrol India Open Offer Sets ₹194.04 Price

BP will sell 65% of Castrol to Stonepeak for an enterprise value of $10.1 billion, retaining a 35% stake. Stonepeak and CPPIB must launch an open offer for up to 26% of Castrol India at ₹194.04 per share, a slight premium to recent prices. BP expects $6 billion in net proceeds, aiming to cut debt. The deal is set to close by end-2026, pending approvals.
26 December 2025
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BP sells 65% of Castrol to Stonepeak in $10.1bn deal as Castrol India open offer follows

BP sells 65% of Castrol to Stonepeak in $10.1bn deal as Castrol India open offer follows

BP will sell a 65% stake in Castrol to Stonepeak, valuing the lubricants business at $10.1 billion. The deal will net BP about $6 billion and leave it with a 35% stake in a new joint venture. CPP Investments will support the transaction with up to $1.05 billion. Closing is expected by the end of 2026, pending regulatory approval.
25 December 2025
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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

  • US Stocks Slip on Oil Surge, Undermining Rate-Cut Optimism Amid Fed Caution
    March 19, 2026, 3:34 PM EDT. U.S. stock markets fell sharply on Thursday as rising oil prices spooked investors, with the Dow down about 460 points and the S&P 500 and Nasdaq sliding 0.8% to 1%. Brent crude briefly surged above $119 a barrel before retreating, prompting risk aversion. The Russell 2000 small-cap index dropped into correction territory, down 10% from its January peak. Recent inflation data and Federal Reserve comments signaled persistent price pressures, tempering expectations for near-term interest rate cuts. Fed Chair Jerome Powell emphasized readiness to act if energy costs push inflation higher, shifting projections upward for core inflation. Major banks including Morgan Stanley pushed back rate-cut forecasts to September, reflecting cautious sentiment. Meanwhile, labor market data showed resilience with a decline in jobless claims. Energy prices remain a critical variable as sustained highs could slow growth and keep inflation elevated globally.
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