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GENSOL ENGINEERING FUNDRAISE
Gensol CFO resigns, days after exit of promotersIn his resignation letter, available on stock exchanges, Aga said Gensol Engineering is currently facing significant challenges, with multi...- BluSmart hires Grant Thornton to conduct audit; company’s losses more than doubled to Rs 470 crore in FY24BluSmart has appointed Grant Thornton to conduct the audit amid concerns over a significant cash discrepancy as the EV ride-hailing firm fa...
- BluSmart faces audit; Ather's investor gainsBluSmart’s board has appointed Grant Thornton to audit the cash-strapped company’s financials. This and more in today’s ETtech Top 5.
- Crisis-hit BluSmart’s 500 staffers await clarity on their salary duesOn April 16, BluSmart suspended its ride-hailing operation. A day later, in an email to its customers, the company said it would initiate a...
- Anmol Jaggi pitched strategic changes at BluSmart ahead of Sebi crackdown on GensolHours before the Sebi interim order unmasking irregularities at Gensol Engineering, BluSmart cofounder Anmol Singh Jaggi wrote to sharehold...
- How the Jaggi brothers misled investors and lenders while being cleantech poster boysBluSmart, once celebrated as India's first all-electric ride-hailing service, faces a crisis as promoters Anmol and Puneet Singh Jaggi are ...
- Infosys Q4 results; Sunscreen storm clears upInfosys posted a drop in net profit for the March quarter. This and more in today’s ETtech Top 5.
- Promoters’ Piggybank: Sebi crackdown on Gensol sparks broader governance alarmSebi’s interim order against Gensol Engineering has spotlighted severe corporate governance lapses, fund diversion, and financial opacity. ...
- BluSmart halts Delhi airport operations amid Sebi heat on promotersEV ride-hailing startup has pulled out of the Delhi international airport amid regulatory scrutiny and potential stake sale to Uber. A pass...
- Gensol’s freefall continues as shares hit another 5% lower circuit, down 80% from 52-week highGensol Engineering's stock hit a new 52-week low following continuous declines, driven by credit rating downgrades and financial scrutiny. ...
- ‘Gensol liquidity woes may last 90 days; paring BluSmart ties’Gensol Engineering's liquidity issues are being addressed as its connection with BluSmart is phased out. To stabilize finances, the company...
- Gensol Engineering board approves 1:10 stock split, fundraising up to $50 millionGensol Engineering stock split: Gensol Engineering's board approved a 1:10 stock split to enhance liquidity and attract retail investors. A...
- Bottomless pit? Gensol shares fall another 5%, down 55% in 13 daysGensol Engineering shares: The persistent decline follows multiple instances of the stock hitting its lower circuit limit over 13 days, fur...
- Gensol Engineering shares drop 4% after promoters offload 2.37% stakeGensol Engineering shares fell after promoters sold 2.37% equity to reinvest in the business. Following an 18-day, 70% drop, the company ai...
- Gensol promoters sell 2.37% stake after 70% drop in shares, to consider stock splitGensol Engineering’s promoters sold 2.37% equity to unlock liquidity for reinvestment following a 70% stock plunge over eight trading sessi...
- BluSmart rides out of FY24 with Rs 390-crore revenue in the bootBluSmart aims for Rs 800 crore FY25 revenue, with BP Ventures support. Competing with Rapido, Namma Yatri, targeting Ebitda profitability b...
- Matrix Gas & Renewables raises Rs 350 cr in pre-IPO roundMatrix Gas and Renewables Ltd (Matrix) on Tuesday said it has raised Rs 350 crore in the pre-IPO round to accelerate expansion of its gas b...
- Gensol Engineering shares surge 10% on Rs 900 crore fundraiseGensol Engineering's Board of Directors approved issuing 1.03 crore warrants with a face value of Rs 10 per share, each carrying a right ex...
- BluSmart Mobility taps Tata Motors, MG Motor India for 3800 e-carsThis will be the second biggest induction of EVs by the startup in 2023. In March this year, Gensol Engineering, the BSE-listed engineering...
- Matrix Gas files draft papers with NSE Emerge for IPOMatrix Gas and Renewables has initiated plans to raise capital through an IPO, after completing its pre-IPO fundraising through preferentia...
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