The curious case of Gensol promoters share pledge and cash in current accounts
2 weeks, 4 days ago

The curious case of Gensol promoters share pledge and cash in current accounts

Live Mint  

Bengaluru: Promoters of Gensol Engineering Ltd who pledged shares heavily are facing the possibility of having to bring in more collateral, at a time when the embattled company's stock has plunged in the middle of a loan default and cash crunch. According to stock exchange disclosures, falling share prices last week prompted at least one Nagpur-based stock broking firm to seize 1.47% of shares that Anmol had pledged last year. "Badjate Stock Broking has provided Loan Against Shares and has invoked the share pledge and we are in active conversations with them," said a spokesperson for Gensol. Gensol’s financial crunch surfaced in public on 3 March, when Care Ratings Ltd downgraded its ₹716 crore bank loan to default, citing delays in “servicing of term loan obligations". Gensol’s cash in current accounts jumped from ₹20.45 crore in March 2023 to ₹190.9 crore last year.

Company Stock Share Crore Current Shares Cash Accounts Current Accounts Pledge Pledged Jaggi Share Prices Gensol Promoters Badjate Stock Broking  cash  pledge  case  current  curious  crore  pledged  stock  shares  share  accounts  company  gensol  promoters  gensols

History of this topic

Gensol board allots equity shares to promoter on conversion of warrants
Trending News
2 weeks, 3 days ago

Gensol board allots equity shares to promoter on conversion of warrants

Live Mint  

Electrical Equipment maker Gensol Engineering Limited announced on Monday, March 10, that the company has allotted its promoters equity shares through the conversion of their share warrants into equity shares, according to an exchange filing. According to the filing data, the promoter share warrants will be converted into 4,43,934 equity shares at a price of ₹871 per share. Gensol Engineering …

Gensol Engineering shares decline 4% as promoters sell stake amid liquidity concerns
Trending News
2 weeks, 4 days ago

Gensol Engineering shares decline 4% as promoters sell stake amid liquidity concerns

Live Mint  

Gensol Engineering shares fell over 4 percent in intra-day trading on Monday after the company disclosed that its promoters had sold 2.37 percent of its total equity, amounting to 9 lakh shares. “The promoters have sold approximately 2.37 percent of total equity shares of the company, amounting to 9,00,000 shares, to unlock liquidity that will be reinvested into the business …

Gensol Engineering share price in focus as promoters offload 2.37% stake to unlock liquidity
Trending News
2 weeks, 6 days ago

Gensol Engineering share price in focus as promoters offload 2.37% stake to unlock liquidity

Live Mint  

Gensol Engineering had an eventful day on Friday as the company declared it would re-appoint Jabirmahendi Aga as its new Chief Financial Officer immediately. This announcement injected fresh buying in Gensol Engineering share price as the stock rebounded from the 52-week low of ₹307.25 apiece on the NSE, made during Friday morning deals. Gensol Engineering's share price finally ended at …

Gensol Engineering shares in focus as promoters offload 2.37% stake to unlock liquidity
Top News
2 weeks, 6 days ago

Gensol Engineering shares in focus as promoters offload 2.37% stake to unlock liquidity

Live Mint  

Gensol Engineering had an eventful day on Friday as the company declared it would re-appoint Jabirmahendi Aga as its new Chief Financial Officer immediately. This announcement injected fresh buying in Gensol Engineering share price as the stock rebounded from the 52-week low of ₹307.25 apiece on the NSE, made during Friday morning deals. Gensol Engineering latest news Gensol Engineering informed …

Gensol Engineering shares recover 15% from all-time low but still 32% down in 4 sessions
3 weeks ago

Gensol Engineering shares recover 15% from all-time low but still 32% down in 4 sessions

Live Mint  

Gensol Engineering share price: After dropping 8.2% to hit an all-time low of ₹307 per share in today's early morning session, March 7, following the announcement of the CFO's resignation, Gensol Engineering shares quickly reversed their losses, spiking 15% from the day's low to reach ₹352.95 per share. In a filing to the exchanges on Thursday, the company stated that …

Gensol Engineering promoter trims shareholding to reduce company’s pledged shares
1 month, 1 week ago

Gensol Engineering promoter trims shareholding to reduce company’s pledged shares

Live Mint  

Stock Market Today: Gensol Engineering promoter has trimmed his shareholding to reduce the company's pledged shares, as per the release by the company on stock exchanges on Tuesday, February 18. Gensol Engineering informed the exchanges about the promoter share sale to reduce pledged shares and boost stability. Promoter Pledge Details: Promoters have pledged 1.01 crore shares with IREDA and PFC …

Gensol Engineering shares jump 8% after losing for six straight sessions
1 month, 4 weeks ago

Gensol Engineering shares jump 8% after losing for six straight sessions

Live Mint  

Stock Market Today: Gensol Engineering Ltd share price gained more than 8% during the intraday trades on Wednesday after losing for six straight sessions Gensol Engineering Ltd share price movement Gensol Engineering Ltd share price opened at ₹650.05 on the BSE on Wednesday, slightly higher than the previous closing price of ₹638.95. The Gensol Engineering share price thereafter gained to …

Gensol Engineering share price snaps 5-day losing run, surges 9% on ₹897 crore order win
3 months ago

Gensol Engineering share price snaps 5-day losing run, surges 9% on ₹897 crore order win

Live Mint  

Stock Market Today: Small-cap stock Gensol Engineering jumped over 9 per cent in intra-day trade on Friday, December 27 after the company bagged an order worth ₹897.47 crore from NTPC Renewable Energy. “The contract between NTPC REL and Gensol Engineering was formally executed last week, marking a substantial milestone for both entities in their pursuit of advancing renewable energy infrastructure …

Gensol Engineering share: Experts see 20% upside after this near-term breakout. Is this a stock to buy today?
7 months, 4 weeks ago

Gensol Engineering share: Experts see 20% upside after this near-term breakout. Is this a stock to buy today?

Live Mint  

Stock market today: Gensol Engineering shares witnessed strong buying in the early morning session as the solar company has declared a winning fresh project worth ₹463 crore. Triggers for Gensol Engineering shares Speaking on the triggers fueling Gensol Engineering shares, Avinash Gorakshkar, Head of Research at Profitmart Securities, said, “The solar energy division of the company has a strong order …

Gensol Engineering raises ₹900 crore equity from Elara and others
1 year, 1 month ago

Gensol Engineering raises ₹900 crore equity from Elara and others

Live Mint  

New Delhi: Renewable energy and electric mobility company Gensol Engineering Limited said it has raised a ₹900 crore in equity capital through warrants convertible into equity shares on a preferential basis. In a statement on Wednesday, Gensol said the fundraise saw participation from Elara India Opportunity Fund, Aries Opportunities Fund, and Tano Investment Opportunities Fund, among others. Anmol Singh Jaggi, …

Discover Related