Oil Country Tubular Limited announced a private placement to issue 13,846,154 Zero Coupon Optionally Convertible Preference Shares at an issue price of INR 65 per share for the gross proceeds of INR 900,000,010 on November 11, 2024. The transaction will include participation from returning investor United Steel Allied Industries Private Limited with 32.17% stake in company. The transaction has been approved by shareholders which is to be held on December 11, 2024.