Gensol Engineering Promoter injects long-term infusion of Rs 29 Crore Equity
In alignment with the promoter group’s unwavering support for the company’s growth trajectory, warrants will be converted into 443,934 equity shares at Rs 871 per share.
Gensol Engineering Promoter injects long term infusion of Rs 29 Crore Equity
Gensol Engineering Limited has announced that promoters of the company are reinforcing long-term confidence in Gensol’s vision by infusing Rs. 28.99 crore through the conversion of warrants into equity.
In alignment with the promoter group’s unwavering support for the company’s growth trajectory, warrants will be converted into 443,934 equity shares at Rs 871 per share.
This step reaffirms the promoters’ deep-rooted commitment to Gensol’s strategic expansion in renewable energy and electric mobility, ensuring the company is well-capitalized.
This investment follows a recent strategic decision by the promoters to unlock liquidity through an equity stake sale with proceeds reinvested into the company.
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