Acquisition Details

Kamineni Hospitals Private Limited acquired 52,25,161 equity shares of Oil Country Tubular Limited, representing 9.30% of the total share capital, through an inter-se transfer from United Steel Allied Industries Private Limited.

Regulatory Compliance Timeline

  • Regulation 10(5) report filed with BSE and NSE: 21st September, 2026
  • Regulation 10(6) report filed with BSE and NSE: 30th September, 2026
  • Regulation 10(7) report filed with SEBI: 07th October, 2026
  • Prescribed fee of ₹1,50,000 plus 18% GST (aggregating ₹1,77,000) paid on 06-10-2026 via online payment (receipt no. 122635012932154)

Shareholding Changes

Acquirer (Kamineni Hospitals Private Limited)

  • Pre-acquisition holding: Nil shares (0%)
  • Post-acquisition holding: 52,25,161 shares (9.30%)

Seller (United Steel Allied Industries Private Limited)

  • Pre-acquisition holding: 2,14,44,165 shares (38.17%)
  • Post-acquisition holding: 1,62,19,004 shares (28.87%)

Exemption Qualification

The acquisition qualifies under Regulation 10(1)(a)(iii) exemption as both acquirer and seller are part of the same promoter group. The five family members controlling both entities are:

  • Vasundhara Kamineni (Daughter-in-law of promoter)
  • Satyasree Kamineni (Daughter-in-law of promoter)
  • Ushasree Bandaru (Daughter of promoter)
  • Gayatri Devi Kamineni (Grand-daughter of promoter)
  • Bhargavi Kamineni (Grand-daughter of promoter)

These individuals collectively hold 57.78% of United Steel Allied Industries and 70.98% of Kamineni Hospitals, and are disclosed as promoter group shareholders of Oil Country Tubular Limited in regulatory filings.

Transaction Details

  • Acquisition price per share: Not higher than 25% above the 60-day VWAP of ₹59.269
  • Date of notice to stock exchanges: 21st September, 2026
  • Both acquirer and seller have complied with Chapter V of Takeover Regulations:
  • Acquirer filed Regulation 29(1) disclosure on 30th September, 2026
  • Seller filed Regulation 29(2) disclosure on 30th September, 2026

Declaration

The acquirer declares that all conditions specified under Regulation 10(1)(a)(iii) have been duly complied with and the information provided is true and complete.