Gensol Engineering Promoters Injects ₹290 Million through Warrant Conversion

Promoters of Gensol Engineering have injected ₹290 million in the company by exercising warrants into equity. This is after the recent issuance of 2.37% of the company's equity to free up liquidity for reinvestment. Promoters now possess a 59.70% stake in Gensol Engineering. The company is also poised to address a stock split proposal in its board meeting to come. This strategic financial move is meant to strengthen the company's balance sheet and ensure business stability.

 

Source Name: Economic Times, AutocarPro, Trendlyne Data