Corporate Grapevine     

Published: May 31, 2025
Updated: May 31, 2025

Giants queue up for BP’s Castrol

Mukesh Ambani-owned Reliance Industries is among the contenders for British energy major BP Plc’s Castrol lubricant busi ness, which could fetch between $8 billion and $10 billion. Other suitors include private equity giants Apollo Global Management, Lone Star Funds, and Saudi Aramco. BP has shared preliminary information with a broader group of potential bidders, including Canada’s Brookfield Asset Management and Stonepeak Partners.

International lenders are offering up to $ 4 billion in debt financing to support bids, including for Castrol’s listed Indian unit, which is valued at around $ 2.5 billion. Both Reliance and Aramco are particularly interested in Castrol’s footprint in high growth markets such as India.

June 30, 2025 - Combined Issue

Industry Review

VOL XVI - 17
June 16-30, 2025

Formerly Fortune India Managing Editor Deven Malkan Assistant Editor A.K. Batha President Bhupendra Shah Circulation Executive Warren Sequeira Art Director Prakash S. Acharekar Graphic Designer Madhukar Thakur Investment Analysis CI Research Bureau Anvicon Research DD Research Bureau Manager (Special Projects) Bhagwan Bhosale Editorial Associates New Delhi Ranjana Arora Bureau Chief Kolkata Anirbahn Chawdhory Gujarat Pranav Brahmbhatt Bureau Cheif Mobile: 098251-49108 Bangalore Jaya Padmanabhan Bureau Chief Chennai S Gururajan Bureau Chief (Tamil Nadu) Ludhiana Ajitkumar Vijh Bhubaneshwar Braja Bandhu Behera

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