يحاول ذهب - حر
Gensol Promoters Lose More Than Half of Their Ownership
April 23, 2025
|Mint Bangalore
In April, creditors took control of 9.19% of shares, leaving the promoters with 26.68% holding
Gensol Engineering Ltd's promoters have lost more than half of their ownership in the company in the last 31 days of trading since rating agencies flagged issues of a credit crunch on 3 March, as creditors have wrested 57% of the pledged shares, leaving the promoters with 26.7%.
Gensol founder Anmol Jaggi, his younger brother Puneet and their privately owned firm Gensol Ventures owned 62.65% of the company at the end of December 2024. A good 81.7% of promoter shares were pledged to creditors.
Promoter ownership fell to 35.87%, with 95.1% of shares pledged at the end of March 2025.
In April, creditors took control of another 9.19% of shares, leaving the promoters with 26.68% holding at the end of 22 April, according to the exchange data reviewed by Mint.
Put simply: the Jaggi brothers have lost more than 1% of equity daily over the last 31 days of stock trading.
هذه القصة من طبعة April 23, 2025 من Mint Bangalore.
اشترك في Magzter GOLD للوصول إلى آلاف القصص المتميزة المنسقة، وأكثر من 9000 مجلة وصحيفة.
هل أنت مشترك بالفعل؟ تسجيل الدخول
المزيد من القصص من Mint Bangalore
Mint Bangalore
JPMorgan to boost India payments play
J PMorgan Chase & Co. is accelerating its push into India's payments sector as the Wall Street bank aims to leverage the country's growing interconnectedness with foreign companies.
1 min
October 10, 2025
Mint Bangalore
The dollar is far from dead and the yuan is not staging a coup
Greenback doomsayers got it wrong. The dollar's reign is not over
3 mins
October 10, 2025
Mint Bangalore
Shipbuilding stocks are likely to stay anchored
India's shipbuilding stocks are trading well above their 200-day moving average, a sign of rising investor confidence.
3 mins
October 10, 2025
Mint Bangalore
Tax residency depends on your travel pattern and primary base
I am a salaried individual employed by an Indian company that allows me to work remotely. I get paid in India. My spouse lives abroad, so I frequently travel outside the country. Over the last two years, I have spent at least three months each year in India.
2 mins
October 10, 2025
Mint Bangalore
India's seafood wins US nod
In what has come as a relief to India's seafood industry, the US National Marine Fisheries Service (NMFS) has said that India's exports meet America's mammal protection standards, allowing their continued shipments.
1 mins
October 10, 2025
Mint Bangalore
Art, cinema and food of the hills
A Mint guide to what's happening in and around your city
1 min
October 10, 2025
Mint Bangalore
Zeta looks to onboard two large banks by mid-2026
Bhavin Turakhia-led software startup Zeta is adding new banking partners to digitise their services, following a pilot of its end-to-end banktech model with HDFC Bank in India last year.
1 min
October 10, 2025
Mint Bangalore
INDUSIND BANK RATED INDIA INVOLVED BY SKOCH
FOR EXCELLENCE IN MSME BANKING
2 mins
October 10, 2025
Mint Bangalore
Even our airports seem to exist in multiple centuries
A couple of years ago, as I went through security check at Bengaluru's swanky international terminal, complete with wall gardens and food franchises of companies owned by celebrity chefs from the West, my computer bag was taken aside for inspection.
3 mins
October 10, 2025
Mint Bangalore
Bharti Telecom eyes ₹15k crore bond sale
Bharti Telecom, the holding company of Bharti Airtel, will launch the largest bond sale of the current fiscal year next week, aiming to raise funds at significantly lower rates than last year, according to three merchant bankers.
1 min
October 10, 2025
Listen
Translate
Change font size