Oil giant bp on the Indian law aspects of its agreement to sell a 65% shareholding in Castrol to Stonepeak.

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Jan 06, 2026

Oil giant bp on the Indian law aspects of its agreement to sell a 65% shareholding in Castrol to Stonepeak.

AZB & Partners is advising oil giant bp on the Indian law aspects of its agreement to sell a 65% shareholding in Castrol to Stonepeak at an enterprise value of US$ 10 billion. The deal is expected to close by the end of 2026 and upon completion, will form a new joint venture, comprising a 65% Stonepeak and 35% bp ownership.

Our deal team comprises our Senior Partner Darshika Kothari, Partner Abhilash Chandran and Counsel Arnav Shah.

AUTHORS & CONTRIBUTORS

Partner:

Darshika Kothari

Abhilash Chandran
Counsel:

Arnav Hemen Shah

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