Veedol Corporation Limited has informed the Exchange about the pre-dealing application as submitted by Andrew Yule & Co. Ltd. for disposal of 3,48,480 nos. equity shares of Veedol Corporation Limited has been approved.
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 1.5 pts less than Nifty Microcap 250 and 1.0 pts less 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 & Co. Ltd., a promoter of Veedol Corporation, has received pre-clearance approval to dispose of 3,48,480 equity shares of the company. This approval was granted under SEBI's Insider Trading Regulations, requiring insiders to seek prior permission before trading. The transaction must be completed within 5 trading days, i.e. on or before 29th May 2025, else a fresh application will be needed. Andrew Yule & Co. is one of the key promoter entities of Veedol Corporation (formerly Tide Water Oil Company).
A promoter looking to offload a significant block of shares may create near-term selling pressure on the stock. Retail investors should watch for the actual execution of this trade, as a large promoter exit could weigh on sentiment and the share price.