In continuation to an offer received from Crown Impex (HK) Co. to acquire 24% stake of the company, Veer Energy & Infrastructure has received a revised offer from Crown Impex (HK) Co. at a price of Rs 25 per share to acquire 24% stake of the company. The company has already informed them that promoters will not reduce their stake.
Earlier in October 2012, Crown Impex offered to buy stake at Rs 15 per share initially and revised offer price at Rs 21 per share but, the company’s board decided not reduce their stake as the offer was low.
Veer Energy provides technical solutions for a future with reduced dependence on fossil fuels and fewer greenhouse gas emissions. Currently, Veer Energy wind farms in operation and construction represent a substantial reduction in carbon dioxide emissions annually.
