BP is looking to sell 8.5 per cent stake in Indian subsidiary Castrol India through a block deal worth Rs1,750 crore. The share sale is happening at an indicative range of Rs 408 - Rs 422.50 per share. Shares of Castrol India declined 4.5 per cent to Rs 422.45 after the announcement.
Tag: Sensex
Post
Post
Listed CPSUs suffer value erosion
While the listed CPSUs showed a dismal growth performance during April-December 2012, their net profit contracted just over seven per cent during the period.