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ManufacturingHigh impactPre-market

Castrol India open offer triggered by BP's $10.1 billion sale

pre-market1 source ↓written by the desknot a recommendation

in Castrol
65% stake
will trigger
$10.1 billion
in net proceeds
$6 billion
in a joint
35% stake

BP's sale of a 65% stake in Castrol to Stonepeak for $10.1 billion will trigger a mandatory open offer for Castrol India shareholders. BP will receive $6 billion in net proceeds, aimed at debt reduction. This deal marks a significant shift in control, with Stonepeak acquiring majority ownership while BP retains a 35% stake in a joint venture.

Not investment advice. For informational purposes only.

OI Charts is not a SEBI-registered investment adviser or research analyst. This bulletin was written by the OI Charts desk from the public sources listed here. It is commentary on market conditions, not a basis for any investment decision and not a recommendation to buy or sell any security. Prices as of 25 Dec 2025, 07:04 IST.

Sourcesnews.google.com

Read inENहिंతెमराதગુ

The market after the news

CASTROLIND closed +2.2% on the day of the news, from ₹189.39 to ₹193.48; Nifty −0.4% over the same session.

Bulletin at 07:04 IST on 25 Dec 2025. Every change is measured from ₹189.39, the last close before it, on 24 Dec. Nifty 50 is measured over the same sessions.

  • CASTROLIND close ₹
  • Nifty 50, rebased to the close before the news
  • close before the news
  • above it
  • below it
CASTROLIND closes around the bulletin against the close before the news, with Nifty 50 rebased to it174.09189.39204.69axis spans 18%before the news · 24 Dec189.39Nifty 50CASTROLINDbulletinD0+1+3+518 Dec31 Dec9 JanReference close ₹189.39. 16 sessions from 18 Dec to 9 Jan; the price axis spans 18 percent.
price axis fixed at 4 × the 14-session true range around the close before the news · values printed at each marked session
Closes after the news against the close before it, with Nifty 50 over the same span
SessionClose ₹Change %Nifty %
Before24 Dec₹189.39basebase
On the day26 Dec₹193.48▲ +2.2%▼ −0.4%+2.5 pp difference
+1 session29 Dec₹190.18▲ +0.4%▼ −0.8%+1.2 pp difference
+3 sessions31 Dec₹192.55▲ +1.7%▼ −0.1%+1.7 pp difference
+5 sessions2 Jan₹191.50▲ +1.1%▲ +0.7%+0.4 pp difference
Gap at the open, % · ₹
▲ +2.4%+4.51 on 26 Dec
Day's range, % · ₹
3.6%≈ 6.8 high to low
Volume on the day
5.07×the 20-session average
Futures OI on the day
—
Futures OI open, lots
—
Futures premium, ₹
—
Puts per call, by OI
—
Max pain
—

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