Finance
Stonepeak, CPPIB look to buy Castrol India shares at premium following BP deal
Published by Global Banking & Finance Review®
Posted on December 24, 2025
1 min readLast updated: January 20, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on December 24, 2025
1 min readLast updated: January 20, 2026
Stonepeak and CPPIB are set to acquire a 26% stake in Castrol India at a premium price, following a major deal with BP. This could lead to a majority stake.
Dec 24 (Reuters) - Canada Pension Plan Investment Board and U.S. private equity firm Stonepeak will launch an offer to purchase a stake of up to 26% in Castrol's Indian unit, they said on Wednesday, following their deal to acquire the firm from parent BP.
Stonepeak and CPPIB will offer Castrol India shareholders 194.04 rupees per share, they said in an exchange filing, representing a 2.5% premium to Wednesday's closing price.
Under India's takeover regulations, acquiring 25% or more in a listed company triggers a mandatory open offer to purchase at least an additional 26% from public shareholders, potentially resulting in a majority stake of 51%.
BP has agreed to sell a 65% stake in Castrol to Stonepeak for about $6 billion, with CPPIB also investing up to $1.05 billion for an indirect stake.
The deal gives Stonepeak control of Castrol's entire 51% stake in Castrol India.
(Reporting by Nandan Mandayam in Bengaluru; Editing by Janane Venkatraman)
An investment is the allocation of resources, usually money, to generate income or profit. Investments can take various forms, including stocks, bonds, real estate, and mutual funds.
A financial market is a marketplace where buyers and sellers engage in the trade of assets such as stocks, bonds, currencies, and derivatives. These markets facilitate the exchange of capital and liquidity.
A takeover occurs when one company acquires control over another company, often by purchasing a majority of its shares. This can lead to significant changes in management and operations.
In finance, a premium refers to the amount by which the price of a security exceeds its face value or intrinsic value. It can also refer to the additional cost paid for an option or insurance policy.
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