Gensol Engineering raises Rs133 crore via preferential issue; Stock plunges 4%

29 Sep 2022 , 11:25 AM

Gensol Engineering Limited has informed that the Preferential Issue Committee of the Board of Directors of the Company, at their meeting held on September 28, 2022 at, has, inter alia, considered and approved the allotment of 12,81,993 Equity Shares of Face Value of Rs10/- each, at an issue price of Rs1,036.25/- per Equity Share.

Consequent to the said allotment, the Paid-up Equity Share Capital of the Company stands increased to Rs12,21,89,160/- comprising of 1,22,18,916 Equity Shares of Face Value of Rs10/- each.

The meeting of the Preferential Issue Committee of Board of Directors commenced at 06: 15 P.M. and concluded at 6:40 P.M.

At around 11:17 AM, Gensol Engineering was trading at Rs1347 per share lower by 4.23% as against previous closing of Rs1406.55 per share on the BSE.

For feedback and suggestions, write to us at [e-mail]