Veedol Corp: Promoter Group Share Transfer of 1.69%

Veedol Corporation Limited has received a disclosure regarding the proposed acquisition of 2,95,000 equity shares, representing 1.69% of the voting share capital. This acquisition is an off-market inter-se transfer between entities within the Promoter and Promoter Group. The transaction is part of a Composite Scheme of Arrangement involving the amalgamation of Janus Consolidated Finance Private Limited with Standard Greases and Specialities Private Limited. Standard Greases and Specialities Private Limited is a promoter of Veedol Corporation, and Janus Consolidated Finance Private Limited is part of the promoter group. The acquisition is exempt from making an open offer under SEBI (SAST) Regulations, 2011.