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Gensol Engineering slides for 13th straight day, stock down 65% in 2025

Business Standard LogoBusiness Standard6h ago

Gensol Engineering slides for 13th straight day, stock down 65% in 2025 - Business Standard

Quick Summary:

These warrants would subsequently be converted into 4.43 equity shares at a price of Rs 871 per share.

In an exchange filing on Tuesday, Gensol Engineering announced the resignation of its chief financial officer.

The action came on the back of the feedback received by these rating agencies from the company's lenders about the ongoing delays in debt servicing.


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Article Details

Category: BusinessFinance

Markets:

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Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-13 @ 10:51:16 (6 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 457 words

Reading Time: 3 minutes read

Sentences: 18 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 26939520

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Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 250 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 2 hours ago

Coverage Areas: India

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Publisher ID: #49

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