Gensol Engineering Limited has announced a significant move by its promoters to reinforce long-term confidence in the company’s vision. Promoters are infusing Rs. 28,99,99,885.50 into the company by converting warrants into equity. This strategic step involves the conversion of 4,43,934 warrants into equity shares at INR 871 per share, highlighting the promoters’ commitment to Gensol’s growth in renewable energy and electric mobility sectors.
This warrant conversion underscores the promoter group’s unwavering support for Gensol’s expansion plans, ensuring the company remains well-capitalized to pursue its strategic goals. The move follows a recent equity stake sale by promoters, with proceeds reinvested into the company to strengthen its financial position.
Gensol Engineering Limited continues to solidify its position as a key player in renewable energy and electric mobility, backed by strong promoter confidence and strategic investments. This development reflects the company’s focus on sustainable growth and innovation in emerging sectors.
