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Gensol Promoters Lose More Than Half of Their Ownership
Mint Mumbai
|April 23, 2025
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.
Bu hikaye Mint Mumbai dergisinin April 23, 2025 baskısından alınmıştır.
Binlerce özenle seçilmiş premium hikayeye ve 9.000'den fazla dergi ve gazeteye erişmek için Magzter GOLD'a abone olun.
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