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Gensol approves ₹600 cr fundraising to pare debt
March 14, 2025
|The New Indian Express Shivamogga
FACING rating downgrades and liquidity challenges, Gensol Engineering's board has approved fundraising initiatives totalling ₹600 crore to reduce debt and improve its debt-equity ratio.
The company also announced a stock split in the ratio of 1:10, even as its shares have plummeted approximately 55% over the past 13 trading sessions.
The fundraising plan includes ₹400 crore through the issuance of Foreign Currency Convertible Bonds (FCCBs) and ₹200 crore through warrants to promoters, priced at ₹56 per warrant after adjusting for the stock split.
هذه القصة من طبعة March 14, 2025 من The New Indian Express Shivamogga.
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 The New Indian Express Shivamogga
The New Indian Express Shivamogga
Star para athlete Simran’s guide Saifi provisionally suspended by NADA
IN a dramatic turn of event on Friday, Umar Saifi, guide of star para-athlete Simran Sharma, was included in the list of provisionally suspended athletes by the National Anti-Doping Agency, only a day ahead of the felicitation function organised to honour medal winners of the World Para Athletics Championships.
1 mins
October 11, 2025
The New Indian Express Shivamogga
India upgrades its technical mission in Kabul to embassy
IN a recalibrated diplomatic strategy, India has officially upgraded its Technical Mission in Kabul to a full-fledged Embassy, the clearest sign yet of New Delhi's intent to deepen engagement with Afghanistan under Taliban rule.
1 min
October 11, 2025
The New Indian Express Shivamogga
Green nod to Sawalkot Hydropower project
Run-of-the-river project to use Chenab water
2 mins
October 11, 2025
The New Indian Express Shivamogga
Govt gets 4 more wks to reply on pleas seeking restoration of statehood in J&K
THE Supreme Court on Friday granted an additional four weeks to the Union government to file its detailed response on a batch of pleas seeking directions to the Centre to restore the statehood of the UT of Jammu and Kashmir.
1 min
October 11, 2025
The New Indian Express Shivamogga
SPATS BEYOND IGNOBLE NOBELS
Is the Nobel Prize not so noble? The question pops up almost every year, as the awardees- often in the peace and literature categories-are criticised for being less deserving, or because they are seen to serve some political agenda of the West by design.
4 mins
October 11, 2025
The New Indian Express Shivamogga
Gig industry faces attrition amid increase in demand
EVEN as job openings in the gig and temporary staffing sectors have surged 15-20% yearon-year during the ongoing festive season, manpower supply has failed to keep pace.
2 mins
October 11, 2025
The New Indian Express Shivamogga
TTK Prestige promoter TT Jagannathan dies at 77
TT Jagannathan (TTJ), chairman emeritus of kitchen appliance maker TTK Prestige Ltd, passed away in Bengaluru late on Thursday at 77.
1 min
October 11, 2025
The New Indian Express Shivamogga
10 MP cops suspended over hawala money
TEN police personnel, including a woman sub-divisional police officer (SDPO), have been suspended for allegedly misappropriating ₹1.5 crore out of the ₹2.96 crore suspected hawala money in MP's Seoni district, officials said on Friday.
1 min
October 11, 2025
The New Indian Express Shivamogga
AVOID ENGAGING TEACHERS ON EXTENDED GOVT TASKS
THE Karnataka government's Socio Economic and Educational survey in progress across the state has deprioritised education.
1 mins
October 11, 2025
The New Indian Express Shivamogga
An archetypal Jaiswal's innings
CLOSE your eyes and imagine an archetypal Yashasvi Jaiswal innings in red-ball cricket.
3 mins
October 11, 2025
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