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BP sells part of its stake in Castrol India

Signage for a BP petrol station in London, July 29, 2014. REUTERS/Luke MacGregor/File Photo

(Reuters) - Oil major BP Plc sold part of the stake its unit Castrol Ltd holds in Castrol India Ltd , but said it would remain a majority shareholder in the company. The company said it sold an 11.5 percent stake in the Indian lubricants maker to a range of domestic and international investors. It held a 71 percent stake in the company before the sale. Terms of the deal were not disclosed. (Reporting by Mamidipudi Soumithri in Bengaluru; Editing by Anupama Dwivedi)