Kamineni Hospitals Acquires 9.30% Stake in Oil Country Tubular Ltd

Kamineni Hospitals Private Limited (KHL) has completed the acquisition of 52,25,161 equity shares, representing 9.30% of the paid-up capital, in Oil Country Tubular Limited (OCTL). The shares were acquired from United Steel Allied Industries Private Limited (USAIPL) for ₹31.35 Crore on September 28, 2026. This acquisition is part of a settlement agreement where USAIPL owes KHL ₹36.30 Crore. KHL is exempt from making an open offer under Regulation 10(1)(a)(iii) of SEBI SAST Regulations due to its close association with OCTL's promoters through shared family ownership. Five family members collectively hold a controlling majority in both USAIPL and KHL, and are disclosed as promoter group shareholders of OCTL.