Castrol, a wholly-owned subsidiary of BP sold an 8.5-per cent equity stake in Castrol India.
With this BP will now hold a 51-per cent stake in the Castrol Indian.
This is the second time Castrol has sold its stake in the Indian arm. In May, it sold a 11.5-per cent stake in the Indian subsidiary for Rs 2,100 crore.
Castrol India manufactures and markets automotive, industrial and marine lubricants, distributed from over 80,000 retail outlets, and has three manufacturing plants in India.