कोशिश गोल्ड - मुक्त
Gensol approves ₹600 cr fundraising to pare debt
The New Indian Express Vellore
|March 14, 2025
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.
यह कहानी The New Indian Express Vellore के March 14, 2025 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
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