Gensol Engineering secures Rs 9 billion in equity through preferential round

Gensol Engineering Limited has successfully secured Rs 9 billion in equity capital through the issuance of convertible warrants on a preferential basis. The equity capital infusion witnessed involvement from both global and domestic participants, encompassing foreign portfolio investors such as Elara India Opportunities Fund, Aries Opportunities Fund, and Tano Investment Opportunities Fund. The fundraising is contingent on obtaining approval from the shareholders during the Extraordinary General Meeting scheduled for March 2, 2024, and meeting statutory requirements in accordance with
SEBI Regulations.