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Gensol announces stock split, plans $50M fundraising for expansion
short by / on Thursday, 13 March, 2025
Gensol Engineering announced stock split reducing the face value from ₹10 to ₹1, aiming to enhance retail participation. The company’s promoters have infused ₹200 crore through convertible warrants, reflecting their confidence in its growth. Additionally, Gensol plans to raise up to $50 million via FCCBs, ADRs, or GDRs to support global expansion in renewable energy, pending shareholder approval.