Who wrote this article?

Aakash Agarwal, Capitalmind's research team.

Bridge India Fund exits Gulf Oil Lubricants India

13 Apr 2016Aakash Agarwal1 min read

Quick Facts

What is "Bridge India Fund exits Gulf Oil Lubricants India" about?
What category is this article in?: Stocks
Who wrote this article?: Aakash Agarwal, Capitalmind's research team.
When was this article published?: Published 13 April 2016.
How long does this article take to read?: 1 min read
What topics does this article cover?: Bridge India Fund
What does the "[Gulf Oil Lubricants India](http://snap.capitalmind.in/#/nse/GULFOILLUB)" section say?: The Division was started in 1993 to manufacture and market lubricating oil and greases. Within a short span of seven years, the Division has grown to become the second largest lubricant oil manufacturer in the private sector in India.
What does the "Disclaimer" section say?: Nothing in this newsletter is financial advice and should not be construed as such. Please do not take trading decisions based solely on the matter above; if you do, it is entirely at your own risk without any liability to Capital Mind. This is educational or informational matter only, and is provided as an opinion.

Gulf Oil Lubricants India

The Division was started in 1993 to manufacture and market lubricating oil and greases. Within a short span of seven years, the Division has grown to become the second largest lubricant oil manufacturer in the private sector in India.

The Division is a regular supplier to almost all major automobile and tractor manufacturers in the country and is approved by almost all major original equipment manufacturers. It is also supplying automatic greasing equipment to large garages which are now handling large number of transport vehicles due to phenomenal increase in the medium and heavy transport vehicles over the last 2-3 years in India.

Bridge India Fund managed by Prans Asset Management held 606,172 shares or 1.22% as of March, 2016 sold its entire stake to the promoter company Gulf Oil International (Mauritius).

In addition to this stake, Gulf Oil International (Mauritius) purchased 245,000 shares or 0.49%.

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Disclaimer

Nothing in this newsletter is financial advice and should not be construed as such. Please do not take trading decisions based solely on the matter above; if you do, it is entirely at your own risk without any liability to Capital Mind. This is educational or informational matter only, and is provided as an opinion.