Gensol Engineering has clarified that the issuance of promoter warrants is happening at ?56 per share of ?1 face value, which is equivalent to ?560 per share of ?10 face value, considering the 10:1 stock split (For every one equity share, ten new equity shares will be issued) approved by the Board. At ?56 per ?1 face value share, the pricing represents a 113% premium over the current market price of ?262 per share (?10 face value adjusted). This underscores the promoters' strong confidence in the company’s future growth and value creation potential.
The above information is a part of company’s filings submitted to BSE.
