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Genus Power trades marginally higher on incorporating two wholly-owned step-down subsidiaries

11 Sep 2024 Evaluate

Genus Power Infrastructures is currently trading at Rs. 419.25, up by 0.80 points or 0.19% from its previous closing of Rs. 418.45 on the BSE.

The scrip opened at Rs. 423.00 and has touched a high and low of Rs. 423.00 and Rs. 416.00 respectively. So far 23348 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 476.00 on 30-Aug-2024 and a 52 week low of Rs. 204.60 on 14-Mar-2024.

Last one week high and low of the scrip stood at Rs. 430.00 and Rs. 408.45 respectively. The current market cap of the company is Rs. 12722.76 crore.

The promoters holding in the company stood at 42.66%, while Institutions and Non-Institutions held 22.71% and 34.63% respectively.

Genus Power Infrastructures has incorporated two wholly-owned step-down subsidiaries, namely Genus Shekhawati Smart Metering Solutions SPV and Genus Marwar Smart Metering Solutions SPV. The company has incorporated these subsidiaries on September 10, 2024.

These subsidiaries are incorporated as Special Purpose Vehicle (SPVs) for execution of Advanced Metering Infrastructure Service Provider (AMISP) Contract. In the above SPVs, the 100% shareholding held by Genus Metering Communication -- wholly-owned subsidiary of the company.

Genus Power Infrastructures (GPIL) is engaged in the manufacture and distribution of electronic energy meters, power distribution management projects, hybrid microcircuits, inverters, batteries, home UPS and online UPS in India and abroad.


Genus Power Infra Share Price

286.00 -7.35 (-2.51%)
20-Apr-2026 15:21 View Price Chart
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