Acquisitions13 Jun 2025, 10:53 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 (formerly known as GDA Trusteeship Limited) has disclosed the invocation of Equity Shares of Gensol Engineering Limited in favor of Power Finance Corporation Limited. This acquisition took place as the security trustee for the benefit of the Lender. The total shares of Gensol Engineering Limited held by Catalyst Trusteeship Limited after the acquisition is 6.67% of the total voting rights.
Key Highlights
- Catalyst Trusteeship Limited has acquired Equity Shares of Gensol Engineering Limited on behalf of Power Finance Corporation Limited.
- The acquisition was made in favor of Catalyst Trusteeship Limited, acting as the Security Trustee for the benefit of the Lender.
- The total shares of Gensol Engineering Limited held by Catalyst Trusteeship Limited after the acquisition is 6.67% of the total voting rights.
- The acquisition took place pursuant to Regulation 29 of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations 2011.
- The total equity share capital of Gensol Engineering Limited after the acquisition is 3,84,46,368 equity shares of Rs. 10-each.
Price Impact
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