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Gensol Engineering raises ₹600 crore to reduce debt
short by Shristi Acharya / on Thursday, 13 March, 2025
Gensol Engineering on Thursday announced a ₹600 crore fundraising plan to reduce debt and achieve its zero net-debt target. The funds will be raised through a mix of ₹400 crore via Foreign Currency Convertible Bonds (FCCBs) and ₹200 crore through warrants for promoters. The company also approved stock split, aiming to improve its financial strength and debt-equity ratio.
read more at ET Now