Promoter group USAIPL converts OCPS into 41.95 lakh equity shares

Promoter Stake BuyPromoter Below 50pctOwnership Changes View source PDF

OILCOUNTUB · price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

+1.2%1-day move

₹56.35

prior close

—

base price

After-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

————+1.2+4.7+5.4+6.2+3.8+6.3-5.8+4.5——

Up moveDown movePending

AI summary

United Steel Allied Industries Pvt Ltd (USAIPL), a promoter group entity, converted 41,95,000 OCPS into equal equity shares of Oil Country Tubular Ltd. This raised its voting stake from 33.18% to 38.17% (diluted: 40.25%). The conversion is part of a 2024 OCPS allotment. No fresh market purchase or cash involved. Total company equity shares rose to 5,61,84,530. About 19,51,154 OCPS remain outstanding.

Likely market impact

Promoter voting stake rises to 38.17% via OCPS conversion, no new cash deployed. Remaining OCPS may convert further.