
Acquisitions13 Jun 2025, 10:43 am
Catalyst Trusteeship Acquires Shares of Gensol Engineering Limited on Behalf of Power Finance Corporation
AI Summary
Pursuant to Regulation 29 of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations 2011, Catalyst Trusteeship Limited, in the capacity of Security Trustee for Power Finance Corporation Limited, has disclosed the invocation of Equity Shares of Gensol Engineering Limited. This acquisition is a result of the pledge of equity shares of Gensol Engineering Limited held by Gensol Ventures Private Limited with Catalyst Trusteeship Limited. The total shares acquired amount to 6.67% of the total voting rights and total share capital of the company.
Key Highlights
- Catalyst Trusteeship Limited invokes Equity Shares of Gensol Engineering Limited on behalf of Power Finance Corporation Limited.
- The acquisition amounts to 6.67% of the total voting rights and total share capital of Gensol Engineering Limited.
- The acquisition is a result of the pledge of equity shares of Gensol Engineering Limited held by Gensol Ventures Private Limited with Catalyst Trusteeship Limited.
- The total shares acquired are 25,65,972 shares of Rs. 10 each.
- The acquisition date is on 10th June 2025.
Price Impact
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