MUMBAI (Reuters) - An up to $261 million share sale in Castrol India Ltd by BP Plc due to take place on Wednesday according to a term sheet seen by Reuters had not taken place as of the end of the trading day, according to exchange data.
BP, which owns a majority stake in Castrol India, had been due to sell an up to 8.53 percent stake including an upsize option, according to the term sheet seen by Reuters on Tuesday.
A spokesman for BP declined to comment.
Banking sources in India said they were not aware of a share sale having been launched.
(Reporting by Manoj Rawal; Editing by Mark Potter)
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