Key Points
New Delhi: Renewable energy and electric mobility company Gensol Engineering Limited said it has raised a 900 crore in equity capital through warrants convertible into equity shares on a preferential basis..
In a statement on Wednesday, Gensol said the fundraise saw participation from Elara India Opportunity Fund, Aries Opportunities Fund, and Tano Investment Opportunities Fund, among others..
This major milestone comes at a juncture when Gensol is on an exceptional growth trajectory and is leading the green energy and clean mobility revolution," it said..
Anmol Singh Jaggi, chairman and managing director, Gensol Engineering Limited, said: We continue to build on our successful financial performance through the latest fundraise..
This capital infusion strengthens Gensol's financial position, facilitating new possibilities with funds being deployed for working capital, inorganic growth opportunities, and further investment in our subsidiaries." ..
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