Castrol India said its promoter Castrol Ltd sold 4.22 cr of its shares in the market through open sale today.
Shares of Castrol India were up 9% at Rs 459.75 today. Castrol is a unit of UK-based BP Plc.
With this, the promoter’s share in the company has come down from 59.4% to 50.9%.
Back in May 19, 2016, BP had sold 11.5% stake in open market to international investors.
It was not clear who were the buyers of the stake sold today. The sales showed up as multiple block deals on the bourses.