Gensol Engineering Ltd has announced a string of major corporate actions to enhance its financial health and increase shareholder value:
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It will issue 35.7 million warrants at ₹56 each, which could raise ₹199.92 crore.
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A stock split has been approved, splitting every ₹10 share into ten ₹1 shares, enhancing liquidity.
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The board has approved raising up to $50 million through a variety of securities.
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Sanction to issue FCCBs, ADRs, and GDRs, marking out plans for global market access.
These actions point to Gensol's ambitious expansion plans and its desire to access domestic and overseas capital markets. The share split will ensure that shares are more within reach of retail investors, while the issue of warrants and other capital-raising proposals will generate capital for growth.
Investors need to keenly watch how Gensol invests these funds to spur growth in the renewable energy segment.
Source: Gensol Engineering Ltd's regulatory filings to BSE and NSE, March 13, 2025