Published advertisement regarding Offer for Sale.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Andrew Yule & Company Ltd, acting as the promoter/seller, has announced an Offer for Sale (OFS) of equity shares of Veedol Corporation Limited (formerly Tide Water Oil Co. (I) Ltd.) with a face value of ₹2 each. The sale will take place through the stock exchange mechanism. The OFS notice was published on 10th June 2025 in major financial newspapers including Financial Express (English), Business Standard (English and Hindi), and Business Line – Hindu (English). The filing was made to BSE under SEBI's Listing Obligations and Disclosure Requirements (LODR) Regulation 30.
This represents a promoter divestment by Andrew Yule in its subsidiary/group company Veedol Corporation, which could lead to dilution of promoter holding. For Andrew Yule shareholders, the OFS proceeds may strengthen cash reserves, while Veedol Corporation may see increased float and supply pressure on its stock during the offer period.