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BP sells part of its stake in Castrol India

Reuters

REUTERS - Oil major BP Plc sold part of the stake its unit Castrol Ltd holds in Castrol India Ltd, but said it would remain a majority shareholder in the company.

The company said it sold an 11.5 percent stake in the Indian lubricants maker to a range of domestic and international investors. It held a 71 percent stake in the company before the sale.

Terms of the deal were not disclosed.

(Reporting by Mamidipudi Soumithri in Bengaluru; Editing by Anupama Dwivedi)