StockWatch
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Oil Equipment & Services
Acquisitions7 Oct 2026, 02:12 pm

Kamineni Hospitals Acquires 9.30% Stake in Oil Country Tubular

AI Summary

Kamineni Hospitals Private Limited has acquired 52,25,161 equity shares, representing 9.30% of the total share capital, in Oil Country Tubular Limited. The acquisition was executed through an inter-se transfer of shares from United Steel Allied Industries Private Limited. The transaction price was ₹60 per share. This acquisition was made in reliance upon the exemption provided under Regulation 10(1)(a)(iii) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Kamineni Hospitals Private Limited has filed the necessary reports with the stock exchanges and SEBI, along with the prescribed fees.

Key Highlights

  • Kamineni Hospitals acquired 9.30% stake in Oil Country Tubular.
  • Acquisition involved 52,25,161 shares at ₹60 each.
  • Transaction was an inter-se transfer from United Steel Allied Industries.
  • Acquisition falls under SEBI Takeover Regulations exemption.
  • Regulatory filings and fees have been submitted.