Shareholding22 Jun 2026, 06:42 pm
Oil Country Tubular: USAIPL Converts 41.95 Lakh OCPS to Equity
AI Summary
United Steel Allied Industries Pvt Ltd (USAIPL), a promoter group shareholder, has disclosed the conversion of 41,95,000 Optionally Convertible Preference Shares (OCPS) into an equal number of equity shares of Oil Country Tubular Limited. This conversion increases USAIPL's direct equity holding and reduces its convertible securities. The total diluted share capital of Oil Country Tubular Limited has also been adjusted post-conversion. This transaction is part of an ongoing conversion process initiated in late 2024.
Key Highlights
- USAIPL converted 41.95 lakh OCPS into equity shares.
- This conversion impacts shareholding percentages.
- Diluted share capital of Oil Country Tubular adjusted.
- Transaction falls under SEBI SAST Regulations disclosure.
- USAIPL is a promoter group shareholder.
Price Impact
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