Saraf and Partners has advised Andrew Yule & Company Ltd (Govt of India Undertaking) in relation to its offer for sale of equity shares of Veedol Corporation Limited through the stock exchange mechanism (“OFS”).
Under the OFS, Andrew Yule & Company Ltd offloaded up to 2% of the total issued and paid-up equity share capital of Veedol Corporation Limited, aggregating up to 3,48,480 equity shares of face value ₹2 each.
IDBI Capital Markets & Securities Ltd. And BOB Capital Markets Limited acted as brokers on the transaction.
The transaction team was led by Partner Mathew Thomas.
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