Notice of Offer for Sale (OFS) of shares of Veedol Corporation Ltd.
Price
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Awaiting price reaction for this filing.
Andrew Yule & Company Ltd, a promoter of Veedol Corporation Ltd, will sell 3,48,480 equity shares of Veedol (2% of its paid-up share capital) through an Offer for Sale via the stock exchange mechanism. The floor price has been fixed at Rs. 1,566 per equity share, with no retail discount offered. Non-retail investors can bid on May 23, 2025 (T Day) and retail investors on May 26, 2025 (T+1 Day), with IDBI Capital Markets and BOB Capital Markets acting as Seller's Brokers on BSE and NSE.
The OFS is being conducted by Andrew Yule as the selling promoter of Veedol Corporation, so the shares on offer belong to Veedol, not Andrew Yule itself. For Veedol shareholders, the fresh supply of 2% equity could create some near-term price pressure; for Andrew Yule shareholders, this is a routine capital action by a Government of India enterprise and unlikely to materially move Andrew Yule's stock.