The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Andrew Yule & Company Ltd
VEEDOL · price
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Andrew Yule & Company Ltd, the promoter of Veedol Corporation Ltd, sold 3,37,598 equity shares (about 1.94% of paid-up capital) through a SEBI-mandated Offer for Sale (OFS) on June 10 and June 11, 2025. The OFS was originally announced for 3,48,480 shares (2%), and bids came from non-retail investors, employees, and retail investors. After the sale, Andrew Yule's stake in Veedol dropped from 26.23% (45,71,115 shares) to 24.30% (42,33,517 shares). The total equity share capital of Veedol remains unchanged at 1,74,24,000 shares of face value ₹2 each. This is a routine regulatory disclosure under SEBI Takeover Regulations, filed within 2 working days of the sale.
Promoter holding has reduced from 26.23% to 24.30%, signalling a gradual dilution of promoter stake in Veedol, though the promoter still retains significant control. Short-term share price may face mild pressure due to increased float, but the OFS mechanism ensures transparent price discovery.