Acquisitions23 Jun 2025, 12:15 pm
Power Finance Corporation Acquires 6.67% Stake in Gensol Engineering Limited Through Catalyst Trusteeship Limited
AI Summary
Power Finance Corporation Limited, through Catalyst Trusteeship Limited, has acquired a 6.67% stake in Gensol Engineering Limited. The acquisition was made by invoking equity shares that were pledged by Gensol Ventures Private Limited. The total number of shares acquired is 25,65,972, which is equivalent to the total number of voting rights. This acquisition is significant as it increases Power Finance Corporation's stake in Gensol Engineering Limited, which could potentially influence the decision-making process of the company.
Key Highlights
- Power Finance Corporation Limited acquires 6.67% stake in Gensol Engineering Limited through Catalyst Trusteeship Limited
- The acquisition was made by invoking equity shares pledged by Gensol Ventures Private Limited
- The total number of shares acquired is 25,65,972, which is equivalent to the total number of voting rights
- This acquisition could potentially influence the decision-making process of Gensol Engineering Limited
- The acquisition was made in accordance with the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011