OCTL: Kamineni Hospitals acquires 9.30% via inter-se promoter transfer
OILCOUNTUB · price
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Kamineni Hospitals Pvt Ltd bought 52,25,161 shares (9.30%) of Oil Country Tubular Ltd at Rs 60/share from United Steel Allied Industries Pvt Ltd on 28 Sept 2026. Both entities are controlled by the same family, which forms part of OCTL promoter group. KHL stake went from nil to 9.30%; USAIPL holding fell from 38.17% to 28.87%. Exemption claimed under Regulation 10(1)(a)(iii) as an inter-se transfer, so no open offer was triggered.
Internal reshuffle within promoter family group. No open offer triggered. Net effect is consolidation within the same controlling family.