BP Sells Part Of Its Stake In Castrol India


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.