SMALLCAP World Fund pares stake in Gulf Oil Lubricants
(16:18, 25 Sep 2021)
On 22 September 2021, SMALLCAP World Fund sold 9.98 lakh equity shares (2% equity) of Gulf Oil Lubricants. The transaction took place in open market on National Stock Exchange. The disclosure was made today, 25 September 2021.

Gulf Oil Lubricants, part of Hinduja Group, is an established player in Indian lubricant market. It markets a wide range of automotive and industrial lubricants, greases, 2-wheeler batteries, etc. The company reported a 76.8% rise in net profit to Rs 30.35 crore on a 73% jump in net sales to Rs 417.37 crore in Q1 FY22 over Q1 FY21.

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