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Stock Report
Castrol India clarifies on news item regarding stake hike by BP
Posted On : 2007-05-14 03:47:27( TIMEZONE : IST )
With reference to the news item appearing in a leading financial daily titled "Castrol up on parent buyback offer talk", Castrol India Ltd has clarified that in order for BP to hike its stake it would have to inform to the Board of Directors of its intention to make an open offer. To date, the Board of the Company has not been notified by BP of its intention to make open offer to the shareholders of the Company.
The stock closed the day at Rs.280.15, up by Rs.3.50 or 1.27%. The stock hit an intraday high of Rs.282 and low of Rs.278.25. The total traded quantity was 55600 compared to 2 week average of 244005.
