Kamineni Hospitals to Acquire 9.30% Stake in Oil Country Tubular

Kamineni Hospitals Private Limited (Acquirer) proposes to acquire 52,25,161 equity shares, representing 9.30% of the total share capital, in Oil Country Tubular Limited from United Steel Allied Industries Private Limited (Promoter/Seller). This inter-se transfer of shares is part of a settlement agreement where the seller owes the buyer Rs 36.30 Cr, and the transfer is for Rs 31.35 Cr. The acquisition is priced at Rs 60.00 per share, with the volume-weighted average market price being Rs 59.269. This transaction falls under Regulation 10(1)(a)(iii) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, exempting it from an open offer.