Veer Energy & Infrastructure announced that Veer Energy has finalized the deal for sale of equity of wholly owned subsidiary with Benz Impex Hong Kong USD 2.5 million. Benz Impex has signed the MOU and company has finalized all the terms & condition for sale of equity of its wholly owned subsidiary company.
As decided earlier by the board of directors, the funds received from the sale of equity of its wholly owned subsidiary company, will be used in the future expansion of solar projects.
Shares of the company gained Rs 0.09, or 1.42%, to trade at Rs 6.45. The total volume of shares traded was 920,708 at the BSE (2.10 p.m., Monday).