Veedol Corporation Limited has informed the Exchange about intimation of grant of pre-dealing approval to Standard Greases & Specialities Private Limited, Joint Promoter for acquisition of 8,71,200 equity shares of Veedol Corporation Limited

Veedol Corporation Limited has informed the stock exchange that a pre-dealing approval has been granted to Standard Greases & Specialities Private Limited, one of its Joint Promoters, for acquiring 8,71,200 equity shares of the company. Pre-dealing approvals are typically sought when a promoter plans to buy shares in the market and the transaction may be close to or cross regulatory disclosure thresholds. This indicates a meaningful increase in promoter holding and signals continued promoter confidence in the company.