Castrol India share price jumps 6% amid reports of potential Saudi Aramco bid for BP’s lubricant business
Castrol India share price jumped nearly 6% on Thursday following reports that Saudi Aramco is considering a potential bid for BP Plc’s lubricant business. Castrol India shares rallied as much as 5.93% to ₹235.50 apiece on the BSE.
According to a Bloomberg News report, Saudi Aramco, the world’s largest energy company, is evaluating the possibility of acquiring part or all of BP’s lubricant business, which operates under the Castrol brand.
Citing sources familiar with the matter, the report suggested that Aramco may seek to integrate Castrol’s assets with its Valvoline lubricants unit, which it acquired for $2.65 billion in 2023.
Meanwhile, as part of a broader corporate restructuring, BP has initiated a strategic review of the…
