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Crown Impex (HK) to acquire 24% stake in Veer Energy & Infrastructure

07 Jan 2013 Evaluate

Veer Energy & Infrastructure will be selling its stake to Crown Impex (HK) Company whereby Crown Impex has agreed to purchase 14% stake at Rs 36 by way of preferential allotment and 10% from the open market. In order to finalize the deal, Crown Impex will be sending its delegation to India in next 10 to 15 days.

Further both the companies will be jointly developing the vertical axis wind turbine market (VAWT) in India, as VAWT technology is inexpensive, reliable, simple, thus making it best choice for low wind speed residential and commercial applications. The VAWT turbine based design catches wind from all direction creating smooth powerful torque to spin the electrical generator. Such turbine can be mounted up to as low as 35 feet high, in winds as low as 10 mph the VAWT creates electricity to power small home or business.

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.

Veer Energy & Infra Share Price

13.62 0.30 (2.25%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
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Power Grid Corp 318.05
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