UBS Securities India Private Limited, on behalf of Motion JVCo Limited (the Acquirer) and its persons acting in concert (PACs), has announced an open offer to the public shareholders of Castrol India Limited. The offer is to acquire up to 25,71,71,820 equity shares, representing 26.00% of the total equity share capital, at a price of ₹194.04 per share. The total consideration for the offer, assuming full acceptance, is up to ₹4,990.16 crore. This open offer is a consequence of an indirect acquisition of substantial shares, voting rights, and control over Castrol India Limited by the Acquirer, pursuant to a share purchase agreement dated December 23, 2025, between BP p.l.c. and the Acquirer. The Acquirer will indirectly acquire sole control over Castrol India Limited through the acquisition of 100% equity share capital of Castrol Group Holdings Limited. The detailed public statement (DPS) will be published not later than 5 working days from the completion of the underlying transaction. The offer price will be enhanced by 10% per annum from December 23, 2025, to the date of DPS publication. The offer is contingent upon the completion of the underlying transaction and receipt of required statutory approvals. The Acquirer and PACs have confirmed adequate financial resources for the offer.