The promoters of Gensol Engineering Limited have sold approximately 2.37% of the company’s total equity shares, amounting to 9,00,000 shares, as part of a strategy to unlock liquidity. The proceeds from this sale will be reinvested into the business through equity infusion to strengthen the company’s financial foundation and ensure long-term growth.
This move aligns with the company’s objective of reinforcing its balance sheet and maintaining financial stability. The promoters have also committed to infusing the same amount received from the share sale or more in the warrant subscription round that took place on June 18, 2024. This additional capital will support Gensol’s expansion in renewable energy and electric mobility solutions.
Despite the sale, the promoters still hold a significant 59.70% stake in the company, demonstrating their continued commitment to its growth. Their decision reflects confidence in Gensol’s future and its mission to advance the clean energy transition.
By reinvesting funds back into the company, Gensol aims to drive innovation and value creation for its stakeholders. The initiative is expected to enhance financial resilience while supporting the company’s ongoing efforts in sustainable energy solutions.
