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
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.3 pts more than Nifty Microcap 250 and 0.7 pts more than its Lubricants peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Andrew Yule & Company Ltd, a Government of India enterprise and the promoter of Veedol Corporation, sold 3,37,598 equity shares (1.94% of paid-up capital) through a stock-exchange Offer for Sale (OFS) on June 10-11, 2025. The OFS was originally announced for 3,48,480 shares (2% of capital), and bids were received from retail, employee, and non-retail investors. As a result, the promoter's stake in Veedol dropped from 26.23% (45,71,115 shares) to 24.30% (42,33,517 shares). This is a routine promoter disinvestment disclosure filed under SEBI Takeover Regulations, not an open-market sale by retail investors.
A modest reduction in promoter (Government of India entity) holding by ~2 percentage points. This is part of a structured OFS, so supply was absorbed by other investors and is unlikely to create lasting pressure on the stock price. Shareholders should note Andrew Yule still holds 24.30%, retaining significant influence as the largest shareholder.