Castro India up 11%; Saudi Aramco May Bid for BP’s lubricant Business

Shares of Castrol India were up by 11% to touch the intraday high of ₹246.80 on the BSE following reports of Saudi Aramco's potential bid for BP Plc’s lubricant business.

As per Bloomberg, Saudi Aramco is set to make investments in Castrol lubricants business of oil major BP.

The Saudi Arabian state oil company is assessing whether to bid for part or all of the business, which operates under the Castrol brand name.

Reports say that Aramco has not made any final decision whether to bid for part or all of the business, which operates under the Castrol brand name, according to the report.

As of 12:15 am, shares of Castrol India were up by 11.5% at ₹247.85 on the BSE.