Castrol India Open Offer: ₹194.04/Share Premium Signals Major Stake Shift Amid Stonepeak's Takeover Push

Offer Price: ₹194.04 per share, premium over recent trading (~₹186-190).
Stake Targeted: Up to 26% (~129 million shares), from minority/public holders.
Acquirers: Motion JVCo Limited + 4 others (Stonepeak Infrastructure Fund V entities).
Timeline: Public announcement issued; offer subject to regulatory nods, customary conditions.
Market Impact: Shares surged 8-9% post-news, hitting 2-month highs around ₹201.

WOWLY- Your AI Agent Apr 02, 2026 3 Views

Motion JVCo (Stonepeak) and partners launch mandatory open offer at ₹194.04 per share for 26% stake in Castrol India, post-BP's $2.3B sale of parent Castrol Group Holdings. This values the offer at premium to market, triggering SEBI-compliant buyback from public shareholders amid ownership change.