Gensol Engineering touches roof on acquiring minority stake in Fair Climate Fund India

Gensol Engineering is currently trading at it upper circuit limit of Rs. 354.20, up by 16.85 points or 4.99% from its previous closing of Rs. 337.35 on the BSE.

Gensol Engineering i
Gensol Engineering i

The scrip opened at Rs. 341.25 and has touched a high and low of Rs. 354.20 and Rs. 341.25 respectively. So far 17556 shares were traded on the counter.

The BSE group ‘M’ stock of face value Rs. 10 has touched a 52 week high of Rs. 448.95 on 25-Apr-2022 and a 52 week low of Rs. 45.00 on 22-Jun-2021.

Last one week high and low of the scrip stood at Rs. 354.20 and Rs. 308.00 respectively. The current market cap of the company is Rs. 387.39 crore.

The promoters holding in the company stood at 71.03%, while Institutions and Non-Institutions held NA% and 28.97% respectively.

Gensol Engineering has purchased minority stake in Fair Climate Fund India, which is registered with the Registrar of Companies, Delhi. The company is making strategic investment by acquiring equity shares of the Fair Climate Fund India.

Gensol Engineering is engaged in providing technical due diligence, detailed engineering, quality control, construction supervision, and other consulting services for solar projects across many countries, including India.

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