New Delhi: Shares of Gensol Engineering Limited extended their fall for the 13th straight day today i.e. on March 13 2025. Amid this the company has informed exchanges that its board of directors has approved fund-raising initiatives amounting to Rs 600 crore and the sub-division of existing equity shares. The company said that the board has approved a share split in a 1:10 ratio. ...approved and recommended resolution through general meeting for alteration of the capital of the Company by subdivision/split of existing equity share of the Company from 1 (One) equity share having face value of Rs. 10/- (Rupees Ten only) each fully paid-up into 10 (Ten) equity shares having face value of Rs. 1/- (Rupees One only) each fully paid-up. Out of Rs 600 crore the company will raise Rs 400 crore through the issuance of Foreign Currency Convertible Bonds (FCCBs) and Rs 200 crore through the issuance of warrants to promoters. Gensol Engineering sells 9 lakh shares Earlier on Friday Ahmedabad-based Gensol Engineering said in a regulatory filing that promoters of the company have sold 9 lakh shares or nearly a 2.37 per cent stake to unlock liquidity that will be reinvested into the business through equity infusion. This step is part of a strategy aimed at reinforcing the companys balance sheet and supporting stability the company said in a statement. Further the promoters will infuse the same amount received through this sale or more amount in the warrant subscription round executed on June 18 2024 thereby providing additional growth capital to the company. After the stake sale Gensols promoters will continue to hold a 59.70 per cent shareholding in the company it added. Established in 2012 Gensol Engineering specialises in solar power engineering procurement and construction (EPC) services along with cutting-edge electric mobility solutions. With PTI inputs