HOME > BUSINESS > AUTO > BP sells Rs 2,000 cr worth of Castrol India shares in open market

BP sells Rs 2,000 cr worth of Castrol India shares in open market

castrolCastrol India said its promoter Castrol Ltd sold 4.22 cr of its shares in the market through open sale today.

Shares of Castrol India were up 9% at Rs 459.75 today. Castrol is a unit of UK-based BP Plc.

With this, the promoter’s share in the company has come down from 59.4% to 50.9%.

Back in May 19, 2016, BP had sold 11.5% stake in open market to international investors.

It was not clear who were the buyers of the stake sold today. The sales showed up as multiple block deals on the bourses.

 

Follow ULTRA.news
Despite discounts, Rs 5,000 cr worth of BS-III vehicles unsold Vehicle worth Rs 5,000 cr with BS-III certification could not be sold by the deadline of March 31, the Society of Indian Automobile Manufacturers said today.In addition, it said, the industry sustained a loss of about Rs 1,000-1,500 cr due to the deadline, it said, adding t...
ISRO offers space tech to electric vehicle makers in India Indian Space Research Organization could soon help Indian e-bikes overcome their biggest drawbacks -- low mileage per charge and limited speed.Costing between Rs 35,000-50,000, most of these bikes have a top speed of 25 km per hour and a range of 30 to 50 km per charge.Th...
MP, Gujarat & Mumbai lead in taxing petrol & diesel With the financial year drawing to a close, Madhya Pradesh, Gujarat & Mumbai have emerged as the states where people pay the highest taxes on petrol and diesel, while Tamil Nadu was the state with the highest increase in rates this year.In Madhya Pradesh, people pay an ...
Transport vehicle drivers, staff to get coverage under ‘third party’ insurance policy The drivers and staff of all vehicles classified as 'transport' will be brought under the definition of 'third party' in third party insurance policies, the finance ministry said today.This will cover buses, vans and other commercial transport vehicles and will be implemented...
Vodafone merger values Idea at Rs 109.76 per share The merger deal between Idea Cellular and Vodafone India values equity shares of the Aditya Birla Group company at about Rs 109.76 at the time of completion of the merger, 2% below its present trading value.According to the terms of the contract, when the merger of Vodafone I...
India Oil, BPCL, HPCL merger will reduce wastage of resources- Fitch A proposed merger of Indian Oil Corp, Hindustan Petroleum Corp and Bharat Petroleum Corp will reduce inefficiencies across the sector and result in enormous savings, ratings agency Fitch said.It would also create an entity that is better placed to compete globally for resourc...
We need more buses, not Nanos: Union Minister What India needs are more buses and better public transport and not more cars, said Union Minister of State for Road Transport, Highways & Shipping, Mansukh L Mandaviya.Tata Motors introduced its Nano car within a price bracket of Rs 1.5 lakhs-2 lakhs for middle class...
Aarti Industries to return Rs 96 cr to shareholders via buyback Speciality Chemicals company Aarti Industries Ltd said it will buy back12 lakh equity shares at Rs 800 each, aggregating to Rs 96 cr.The company´s Board of Directors approved the equity shares -- representing up to 1.44% of the company's base."The public announcement sett...
Maruti Suzuki sells 1 lakh Baleno in India Maruti Suzuki,the country's leading passenger vehicle maker, said its premium hatchback Baleno had crossed domestic sale of one lakh units.In addition to the domestic sales, 33,800 units of the car were exported across the world including countries like Japan and Europe, said...
BMW Experience Tour hits Daman on 6-7 th October BMW experience tour will be held in Union Territory of Daman on the 6th and 7th of this month.The venue will be Hotel Miramar Lawn Grounds in Devka Beach Road , added the company.Participants will be allowed to test drive and know more in detail about the BMW models, serv...
Hero MotoCorp sets record in monthly two-wheeler sales in September Hero MotoCorp Limited, the world's largest two-wheeler manufacturer, said it clocked the highest ever two-wheelers sales in a single month as sales grew by 11% to 6.74 lakh units in September from 6.06 units last year.With this, Hero MotoCorp has sold 35.6 lakh units of two-w...
Steel Stripes Wheels sees 17% shipment growth in September Steel Stripes Wheels Ltd said it achieved a 17% growth in total rim wheel sales in September from 12.08 lacs to 10.91 Lacs of last financial year.´The tractor and passenger segment did extremely good and are expected to tread the same path in 3rd quarter of this financial yea...
Wadhwan Global increases stake in Devan Housing, invests Rs 375 cr Home loan and housing finance company Dewan Housing Finance Co Ltd said it issued 2.12 crore shares to promoter Wadhawan Global Capital Pvt Ltd. as part of conversion of outstanding warrants.The warrants were issued in March after taking a payment of Rs 125 crore. The remaini...
IGL to set up city gas network in Rewari, Haryana Indraprastha Gas, the supplier of CNG and PNG in Delhi, has been authorized to construct the City Gas Distribution (CGD) network in Rewari in Haryana.Addressing the shareholders, Mr. Ravindran also gave an overview of future plans of the organization involving consolidation o...
Mahindra & Mahindra raises Rs 475 cr via debentures Automobile manufacturers Mahindra & Mahindra Ltd. said it raised Rs 475 crores via non-convertible debentures on private placement basis with a tenure of 10 years.The face value of the 7.57% debentures are Rs 10,00,000 each.Mahindra & Mahindra is an Indian multina...
Maruti Suzuki exports cross 1.5 million cars Maruti Suzuki India, the country's leading passenger vehicle maker, said it has attained cumulative exports of 15 lakh (1.5 Million) from its vehicle exports to over 100 countries including Europe, Latin America and Africa.Early this year the Company’s premium hatchback Balen...
BMW experience tour reaches Kancheepuram this weekend BMW experience tour will be held this weekend in Kancheepuram district of Tamil Nadu from 23rd to 25th of this month.The venue will be Madras Motor Race Tack on NH4  in Mevalurkuppam, added the company.Participants will be allowed to test drive and know more in detail...
M&M seen holding SUV, tractor market share despite rising competition- CRISIL Mahindra & Mahindra Ltd is likely to maintain its market position in its core SUV and tractor markets despite the entry of new competitors, ratings company Crisil said."Cost-efficient operations, development skills, broad product portfolio, and increased production ca...
Jaguar launches second generation Jaguar XF sedan in India at Rs 49.5 lakhs Jaguar Land Rover India launched the new Jaguar XF sedan in five variants starting from ₹ 49.50 lakh (ex-Delhi) in Mumbai.The new Jaguar XF is powered by the new Ingenium 2.0 l 4-cylinder turbocharged diesel engine that delivers a power output of 132 kWand is upto 20 kg l...
MRPL denies allegations of tax evasion Mangalore Refinery and Petrochemicals Limited, an oil refinery and subsidiary of ONGC, denied allegations that it has not been paying due excise duty.Media reports carried allegations that the company was not paying due excise duty on its production of Mixed Xylene, a raw mat...
Fiem Industries raises Rs 120 cr via private placement Fiem Industries Ltd. said it raised Rs 120 crore by placing 12 lakh shares with qualified institutional buyers. The shares were priced at Rs 1002 each.Fiem manufacturers automotive lighting & signaling equipments and rear view mirrors. Most of its revenue comes from the two...
TVS launches colour variants of StaR City+ & TVS Sport TVS Motor Company, one of India’s leading two wheeler manufacturers, launched new colour variants for its two brands of motorcycles TVS StaR City+ and TVS Sport in Bangalore today.The new colour variants TVS StaR City+ in Spotlight White colour & TVS Sport in Black Silver...
BMW experience tour reaches Aurangabad this weekend BMW experience tour will be held this weekend in Aurangabad district of Maharashtra on the 10th and 11th of this month.The venue will be Hotel Manor Kranti Chowk which is opposite Rani Lakshmi Bai Park, added the company.Participants will be allowed to test drive and ...
Hero MotoCorp sales grows 28%, to introduce 15 new models this year Hero MotoCorp (HMCL), one of the largest two wheeler manufacturer, reported two-wheeler sales growth of 28% for the month of August as compared to the same period previous year.The sales in month of August wasto 6,16,424 units compared with  4,80,537 units, said the company. ...
Maruti Suzuki launches first LCV at Rs. 4.04 lakhs in India Maruti Suzuki, India's largest passenger vehicle maker, launched its first Light Commercial Vehicle "Super Carry" at a price of Rs 4.03 lakhs in Ahmedabad.Maruti Suzuki Super Carry has a 793 cc diesel engine and delivers a mileage of 22.07 Km per litre and comes with a loadin...