Key Highlights:
- Gensol plans to raise Rs. 600 crore.
- They will use bonds and warrants to get the money.
- They will sell some things to lower debt.
- This will make their finances much stronger.
Gensol Engineering Limited said they’re going to raise Rs. 600 crore. This is to make their money situation better and pay off some debt. They made this decision at a meeting, and they want to keep growing and help their shareholders.
They’re going to get the money in two ways. First, they’ll sell Foreign Currency Convertible Bonds (FCCBs) to get Rs. 400 crore. Second, they’ll sell warrants to their promoters to get Rs. 200 crore.
They’re also going to sell some things, like vehicles and a company they own. This will help them lower their debt.
Here’s how it will change their money:
- Right now, they have Rs. 1,146 crore in debt and Rs. 589 crore in reserves.
- That’s a debt-equity ratio of 1.95.
- The Rs. 600 crore will push their reserves to about Rs. 1,200 crore.
- Selling things will cut their debt to around Rs. 530 crore.
- This will make their debt-equity ratio a much better 0.44.
Anmol Singh Jaggi, who runs Gensol Engineering, said they want to make their finances strong. He said the Rs. 600 crore and selling things will help them grow. He also said they want to have zero debt and keep helping their investors. They want to be a company with strong money.
They are trying to get their money in good shape. This will help them grow.
Gensol Engineering is raising Rs. 600 crore to improve its financial position and reduce debt. The company’s plan to issue bonds and warrants, along with strategic divestments, aims to strengthen its balance sheet and support long-term growth.
