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Haier Group will continue to hold a 49 per cent stake, while the remaining shares will be owned by Haier India’s management team. At the end of the September quarter, Parent Castrol sold 51% stake in the Indian entity. LIC has a 10% stake in Castrol India, followed by the Government of Singapore with a 1.33% stake. Over 5 lakh small retail shareholders, or those with authorised share capital of up to ₹2 lakh, had a 16.6% stake in Castrol India. Yes, you can place bets from your phone using Stake’s mobile-friendly website or PWA. A fast-paced game where you predict the multiplier for instant wins.
“The last time we saw something this big happen was the MG-JSW deal,” this person added. In March 2024, a clutch of Indian investors, led by billionaire Sajjan Jindal’s conglomerate, picked up 51% of MG Motor India to create JSW MG Motor India Pvt. China’s SAIC Motor Corp. until then owned 100% in the maker of Hector and Windsor cars. On completion, a new joint venture will be formed with 65% ownership by Stonepeak and 35% by BP which will give the later exposure to Castrol’s growth plan.
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