OILCOUNTUBBSEOil Country Tubular LtdMediumNeutral
Announced Mon, 1 Dec · 19:38 IST

The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Vivek Mundra

Creeping Acquisition Near ThresholdOwnership Changes View source PDF

OILCOUNTUB · price

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

Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Vivek Mundra, a Singapore-based individual who is not part of the promoter group, has acquired 49,40,000 equity shares (9.50% of total share capital and 8.50% of diluted capital) of Oil Country Tubular Ltd through open market purchases on 1 December 2025. Prior to this transaction, the acquirer held no shares in the company, so this is a fresh entry creating a 9.50% post-acquisition holding. The disclosure was filed under Regulation 29(1) of the SEBI Takeover Regulations, which mandates reporting when an acquirer crosses the 5% threshold. The total equity share capital of the company stands at approximately 5.20 crore shares.

Likely market impact

A new non-promoter shareholder has built a significant 9.50% stake, sitting just below the 10% regulatory threshold. This could increase volatility and may trigger concerns about potential creeping acquisition or a larger takeover bid, which shareholders should monitor closely.