Gensol Engineering Ltd to raise up to ₹300 crores through issuance of equity shares

The Board of Directors of Gensol Engineering Ltd has approved the increase in the authorized share capital of the company from ₹40,00,00,000 to ₹50,00,00,000 and the issuance of equity shares up to ₹300 crores through public issue, preferential allotment, private placement, or any other permissible mode. The company will issue equity shares to eligible investors, including qualified institutional buyers, foreign/resident investors, venture capital funds, and other categories of investors. The issue will be made at a price determined by the board and will be subject to the approval of shareholders and regulatory authorities.,