Gensol Engineering Share Price Tanks 68% This Year So Far; Here’s What Happened – News18
Gensol Engineering Ltd’s stock is under close scrutiny after its promoters’ stake in the company continues to decline. After a 68% drop in stock price since January 1, the founders were unable to pledge more shares as collateral for loans. Consequently, three creditors have seized 6.96% of the shares pledged by the promoters. On Monday,…