The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for United Steel Allied Industries Pvt Ltd
OILCOUNTUB · price
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On the reaction day the stock moved 10.2 pts more than Nifty Microcap 250, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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United Steel Allied Industries Pvt Ltd (USAIPL), a promoter group shareholder of Oil Country Tubular Ltd, sold 49,40,000 equity shares (face value Rs 10) through the open market on December 1, 2025. This represents 9.50% of total share capital and 8.50% of diluted share capital. Before the sale, USAIPL held 54.50% of total share capital (including convertible securities); after the sale, its holding has dropped to 45.00% of total share capital and 40.24% on a diluted basis. The equity-only voting stake fell from 42.68% to 33.18%. The disclosure was filed under Regulation 29(2) of SEBI SAST Regulations, 2011.
This is a significant promoter group offload — nearly a 10 percentage point reduction in USAIPL's holding in a single day through open market sales. Existing shareholders should monitor for further promoter group exits and assess whether this signals a loss of confidence or simply portfolio rebalancing.