Gensol Engineering Limited has been in focus on Tuesday. On March 11, 2025, Gensol Engineering share price opened at ₹294.50, down from its previous close of ₹305.80. At 9:49 AM, the share price of Gensol Engineering was trading at ₹290.55, down by 4.99% on the NSE. Notably, the stock price touched its 52-week low at ₹290.55, today.
On March 10, 2025, Gensol Engineering Limited announced that its promoters have reinforced their confidence in the company’s long-term vision by infusing ₹28.99 crore through the conversion of warrants into equity.
This move reflects the promoters’ commitment to strengthening the company’s capital base as it continues to expand in the renewable energy and electric mobility sectors.
As part of this investment, the company will issue 4,43,934 equity shares at a price of ₹871 per share. This step aligns with the promoter group’s strategy to provide financial support for Gensol’s growth trajectory while ensuring it remains well-capitalised for future developments.
This investment follows a recent decision by the promoters to unlock liquidity through an equity stake sale, with the proceeds being reinvested into the company.
Gensol Engineering Limited is a leading player in the renewable energy sector, specialising in solar power engineering, procurement, and construction (EPC) services, along with innovative electric mobility solutions. Backed by a team of over 500 professionals, the company operates across multiple domains, including Solar EPC in India and the Middle East, Scorpius Trackers for advanced solar tracking solutions, EV Leasing through its Let’s EV brand, and EV Manufacturing under Gensol EV.
The move by the company’s promoters underscores their strong belief in Gensol’s strategic direction and its potential in emerging clean energy and sustainable mobility markets.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Mar 11, 2025, 9:57 AM IST
Nikitha Devi
Nikitha is a content creator with 6+ years of experience in the financial domain. Specialising in personal finance, investments, and market insights, Nikitha simplifies complex financial topics, making them accessible to readers.
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