Andrew Yule & Company Limited has informed the Exchange about an announcement with respect to offer for sale through Stock Exchange Mechanism for sale upto 3,48,480 Equity shares of face value of INR 2/- each of Veedol Corporation Limited.�Date and time of the opening of the offer for Non-Retail Investors:�May 23, 2025�at 9:15 a.m.;�Date and time of the closing of the offer for Non-Retail Investors:�May 23, 2025�at 3:30 p.m.;�Date and time of the opening of the offer for Retail Investors:�May 26, 2025�at 9:15 a.m.;�Date and time of the closing of the offer for Retail Investors:�May 26, 2025�at 3:30 p.m.�The Sale shall continue to take place on a separate window of the Stock Exchanges commencing at 9:15 a.m. and shall close at 3:30 p.m. (Indian Standard Time) on the same date. The Floor Price for the Offer shall be INR 1566/- (Rupees One Thousand� Five Hundred and Sixty Six Only)
VEEDOL · price
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Andrew Yule & Company Limited, one of the promoters of Veedol Corporation Limited, plans to sell up to 3,48,480 equity shares (face value INR 2 each), representing about 2% of Veedol's total paid-up share capital, through the stock exchange OFS mechanism. The floor price has been set at INR 1,566 per share, with no retail discount offered. The offer will be conducted over two trading days: May 23, 2025 for non-retail investors and May 26, 2025 for retail investors, each running from 9:15 AM to 3:30 PM. IDBI Capital Markets and BOB Capital Markets are acting as the seller brokers, with NSE designated as the lead stock exchange. This is a government-owned promoter trimming its stake, not a delisting or new fundraising by the company itself.
The sale increases the floating supply of Veedol shares by about 2%, which could create short-term selling pressure around the floor price of INR 1,566. Existing shareholders should note that the promoter is reducing its stake, but no company-level dilution or capital raising is involved.