BP Sells Part Of Its Stake In Castrol India

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Oil major BP Plc sold part of the stake its unit Castrol Ltd holds in Castrol India Ltd, but said it would remain a majority shareholder in the company.

The company said it sold an 11.5 per cent stake in the Indian lubricants maker to a range of domestic and international investors. It held a 71 per cent stake in the company before the sale.

Terms of the deal were not disclosed.