Castrol India shares surge 9% on bourses

MUMBAI: Shares of Castrol India today surged 9 per cent amid media reports of delisting of the company by year end, even as the company denied it.

Castrol's shares ended 8.94 per cent up at Rs 361.20 on the BSE. During the day, the stock surged 10 per cent to Rs 364.80 -- its 52-week high level.

At the NSE, the scrip zoomed 9.01 per cent to settle at Rs 361.60.

In terms of volume, 15.24 lakh shares of the company changed hands at the BSE, while over 37 lakh shares were traded at the NSE during the day.

As per media reports, promoter Castrol Plc is exploring options to delist its India subsidiary Castrol India.

Promoter holds 71.03 per cent stake in the company as on March quarter.

Meanwhile, Castrol India Ltd in a filing to the BSE today said it is not aware of any current plans to delist its equity shares from the stock exchanges.