The Promoters of Gensol Engineering Limited (BSE: 542851 | NSE: GENSOL), a leader in renewable energy and electric mobility solutions, have undertaken a purposeful initiative to further fortify the company's financial foundation and ensure sustained growth.
The promoters have sold approximately 2.37% of total equity shares of the company, amounting to 9,00,000 shares, to unlock liquidity that will be reinvested into the business through equity infusion. This step is part of a strategy aimed at reinforcing the company's balance sheet and supporting stability.
Further underscoring their commitment, the promoters will infuse the same amount received through this sale or more amount in the warrant subscription round executed on June 18, 2024, thereby providing additional growth capital to the company.
Following this transaction, the promoters continue to hold a substantial 59.70% stake, reflecting their steadfast dedication to Gensol's journey of delivering value to all stakeholders while driving forward the clean energy transition.
Shares of Gensol Engineering Ltd was last trading in BSE at Rs. 335.35 as compared to the previous close of Rs. 372.60. The total number of shares traded during the day was 24824 in over 1302 trades.
The stock hit an intraday high of Rs. 335.35 and intraday low of 335.35. The net turnover during the day was Rs. 8324728.00. |
