 "Castrol India surges after block deals")
Castrol India has rallied 9% to Rs 459 on the National Stock Exchange (NSE) in early morning trade after a more than 1% stake changed hands in the counter post multiple block deals on the NSE and Bombay Stock Exchange.
Till 09:35 am, a combined 5.44 million shares representing 1.1% of total equity of Castrol India changed hands on the BSE and NSE, the exchange data shows. LINK
The name of the buyers and sellers were not immediately ascertained.
Castrol Limited., the controlling shareholder of Castrol India, is a unit of U.K.-based BP Plc. Castrol Limited held 59.42% stake and BP Mauritius Limited held 0.11% stake in Castrol India as of June 30, 2016, the shareholding pattern data shows.
Earlier in May 19, 2016, UK-based oil firm BP announced that its wholly owned subsidiary, Castrol, had sold 56.87 million shares or 11.5% stake it held in Castrol India in open market, to international investors. LINK
At 09:45 am, the Castrol India was up 6.3% at Rs 449 on the BSE, as compared to 0.31% decline in the S&P BSE Sensex.
Till 09:35 am, a combined 5.44 million shares representing 1.1% of total equity of Castrol India changed hands on the BSE and NSE, the exchange data shows. LINK
The name of the buyers and sellers were not immediately ascertained.
Castrol Limited., the controlling shareholder of Castrol India, is a unit of U.K.-based BP Plc. Castrol Limited held 59.42% stake and BP Mauritius Limited held 0.11% stake in Castrol India as of June 30, 2016, the shareholding pattern data shows.
Earlier in May 19, 2016, UK-based oil firm BP announced that its wholly owned subsidiary, Castrol, had sold 56.87 million shares or 11.5% stake it held in Castrol India in open market, to international investors. LINK
At 09:45 am, the Castrol India was up 6.3% at Rs 449 on the BSE, as compared to 0.31% decline in the S&P BSE Sensex.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%