23/4/2025, 1:01:04 pm

Gensol promoters lose over half of their ownership

Gensol Engineering Ltd’s promoters have lost more than half of their ownership in the company in the last 31 days of trading since rating agencies flagged issues of a credit crunch on 3 March, as creditors have wrested 57% of the pledged shares, leaving the promoters with 26.7%. Promoter ownership fell to 35.87%, with 95.1% of shares pledged at the end of March 2025.