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 percent stake in the Indian lubricants maker to a range of domestic and international investors. It held a 71 percent stake in the company before the sale.
Terms of the deal were not disclosed.
Published Date: May 19, 2016 03:18 pm | Updated Date: May 19, 2016 03:18 pm