- BP sale of Castrol lubricant business attracts multiple bidders
- BP's lubricant business, Castrol, is undergoing an acquisition process attracting bids from Apollo, CD&R, Lone Star, and Reliance.
Stonepeak enters process to acquire stake in Castrol India
What happened
Stonepeak entered the acquisition process for BP's Castrol lubricant business on October 24, 2026. This follows Castrol India announcing its third-quarter results, which showed that net profit fell 22.6% to ₹176.37 crore. Despite this decline, revenue from operations rose 27.3% to ₹1,734.72 crore.
Why it matters
BP is preparing to sell a 65% stake in its Castrol lubricant business. The decline in Castrol India's earnings was attributed to rising raw-material costs and adverse currency movements, even as management noted that pricing actions helped moderate the impact on margins.
BP's lubricant business, Castrol, is currently undergoing an acquisition process that has attracted bids from Apollo, CD&R, Lone Star, and Reliance.
Who's involved
- StonepeakPrivate equity firm that plans to acquire a stake in Castrol India.
- BPBritish multinational oil and gas company divesting a 65% controlling stake in Castrol.
- Castrol IndiaIndian subsidiary of Castrol that reported a 22.6% drop in net profit for the third quarter.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- Castrol IndiaSpeculative
Rising raw material costs and adverse currency movements might increase operational costs for Castrol India.
- StonepeakSpeculative
Acquiring a stake in Castrol India could change the investment structure and control of the company.