Veedol Corporation LimitedVEEDOLNSE
Notice of OFS issued by Andrew Yule & Co. Ltd
As filed · Veedol Corporation Limited has informed the Exchange about Notice of OFS issued by Andrew Yule & Co. Ltd.
Special SituationWatchMajormateriality 76 out of 100
What happened
FactVeedol Corporation Limited has informed the Exchange about Notice of OFS issued by Andrew Yule & Co. Ltd. (Formerly Bombay Stock Exchange Ltd.). Veedol Corporation Limited (the Company) representing 2% of the total paid up share.
Why it matters
CapitSignal interpretationAn offer for sale places existing shares into the market, so the register changes and the price is set by the floor rather than the screen.
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Fact- Floor price versus market price
- Seller stake before and after
- Subscription across the two sessions
Evidence
How CapitSignal classified this
- Reasoning:
- OFS base 68; +5 quantified amount; +3 quantified percentage; matched on subject
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 75%