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State-owned Andrew Yule and Company, had withdrawn an offer-for-sale for lubricant-maker Veedol Corporation on May 23 citing "some technical glitch". Andrew Yule actually withdrew offer after learning that its demat account had been suspended over compliance-related issues, Moneycontrol reported. "This is a rare incident...Generally, all due diligence is done before OFS," a source said.
short by Ashley Paul / 05:27 pm on 03 Jun
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