30-Sept-2026 13:50:11
OILCOUNTUBAcquisition and merger
KAMINENI HOSPITALS : ACQUIRES 9.30% STAKE IN OIL COUNTRY TUBULAR LIMITED
• Kamineni Hospitals Private Limited acquired 52,25,161 equity shares of Oil Country Tubular Limited. • The acquisition, valued at Rs 31.35 Cr, was completed on September 28, 2026. • This stake forms part of a settlement agreement between KHL and United Steel Allied Industries Private Limited. • KHL is exempted from an open offer due to its association with OCTL's promoter group. • Post-acquisition, KHL holds 9.30% stake, while the seller's stake reduces to 28.87%.
Oil Country Tubular Limited
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