Announced Wed, 30 Sept, 2026 · 13:49 IST
Kamineni Hospitals buys 9.30% in Oil Country Tubular via promoter family settlement
OILCOUNTUB · price
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Price reaction · full curve 14 horizons · vs prior close
+4.0%1-day move
₹75.11
prior close
₹76.61
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
———+0.0+4.0+6.1+8.2+10.4+12.6—————
Up moveDown movePending
AI summary
Kamineni Hospitals acquired 52.25 lakh shares (9.30%) of Oil Country Tubular from United Steel Allied Industries at Rs 60 per share, totalling Rs 31.35 Cr, on 28 Sept 2026. Deal settles a Rs 36.30 Cr debt owed by USAIPL to KHL. Both entities are controlled by the same promoter family of OCTL, so the acquisition is exempt from open offer under Regulation 10(1)(a)(ii). Seller stake drops from 38.17% to 28.87%.
Likely market impact
Promoter family restructuring between group entities; no open offer triggered; effective price benchmark set at Rs 60/share for 9.30% stake.