Motion JV Co. makes open offer for Castrol India stake
after close1 source ↓written by the desknot a recommendation
- in Castrol India
- 26% stake
- Castrol India
- ₹194.04/share
Motion JV Co., alongside Stonepeak and Canada Pension Plan Investment Board, has launched an open offer to acquire up to 26% stake in Castrol India at ₹194.04/share. This move complies with SEBI’s takeover regulations following an indirect acquisition triggered by a global transaction.
This acquisition could enhance Castrol India's market positioning and attract investor interest in the automotive sector.
Not investment advice. For informational purposes only.