However, according to Castrol India's disclosures to the Indian stock exchanges, Stonepeak will indirectly acquire 51 per cent of the company. "The transaction contemplates an indirect transfer of 51 per cent equity stake in Castrol India. The Castrol India acquisition strengthens Stonepeak's presence in the country, where it has invested in sectors such as data centres. Earlier, RIL, Saudi Aramco, and private equity firms Apollo Global Management and Lone Star Funds were reported to be among potential suitors for Castrol.Apart from Castrol India, BP's interests in India span petrochemical technology licensing, oil and gas trading, IT and financial services, and staffing for its global marine fleet. BP also has JVs with RIL including Reliance BP Mobility, which operates Jio-bp fuel outlets, and India Gas Solutions, which sources and markets gas in India.

Source: Economic Times December 26, 2025 07:38 UTC