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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Awaiting price reaction for this filing.
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.