Archive · 9 Jun 2025
Andrew Yule Successfully Executes Veedol Corporation OFS
Imagine a company, Veedol Corporation, where one of its owners, Andrew Yule & Company, decided to sell a small piece of their ownership.
This was done through a special method called an Offer for Sale, like a public sale of shares.
The sale was supposed to happen earlier but was delayed.
Finally, it went through on June 9.
The price at which shares were offered was a bit cheaper than what they were worth on the market that day.
Andrew Yule still owns a significant part of Veedol Corporation.
Andrew Yule & Company sold 2% equity in Veedol Corporation.
The OFS was conducted via the Offer for Sale mechanism.
The transaction was executed on June 9.
The floor price for the OFS was ₹1,566 per share.
Andrew Yule held a 26.23% stake in Veedol Corporation at the end of March quarter.
- Who
- Andrew Yule & Company, promoter of Veedol Corporation.
- What
- Andrew Yule & Company sold 2% equity in Veedol Corporation through an Offer for Sale (OFS).
- When
- The OFS was executed on June 9.
- Where
- Not mentioned.
- Why
- The sale was conducted to sell 2% equity.
- Seller
- Andrew Yule & Company
- Equity Sold
- 2%
- Transaction Date
- June 9
- Floor Price
- ₹1,566 per share
- Andrew Yule's Stake (March)
- 26.23%