Veedol Corporation Limited has informed the Exchange about the Notice of Offer for Sale dated 22 May, 2025 as received from Andrew Yule & Co. Ltd.
VEEDOL · price
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Promoter Andrew Yule & Company Limited (a Government of India Enterprise) is selling up to 3,48,480 equity shares of Veedol Corporation Limited, representing 2% of the company's total paid-up share capital, through the stock exchange OFS mechanism. The floor price is set at Rs. 1,566 per share, with no retail discount offered. The offer will take place over two trading days: May 23, 2025 (T Day) for non-retail investors and May 26, 2025 (T+1 Day) for retail investors, with a minimum 25% of shares reserved for mutual funds and insurance companies and 10% reserved for retail investors. IDBI Capital Markets and BOB Capital Markets are acting as the seller brokers, with NSE as the designated stock exchange.
This is a routine promoter divestment, not a company-level event. The 2% stake sale may create mild short-term supply pressure on the stock, but with a defined floor price and structured OFS window, the impact is generally limited. Existing investors can participate in the offer if interested.