India's Gensol Engineering falls to record low day after raids, seizures

Gensol Engineering

29/04/2025 05:44

** Gensol Engineering GENO.NS falls exchange-allowed maximum of 5% to a record low of 81.4 rupees

** On Monday, Directorate of Enforcement raided its premises, seized documents and electronic devices

** Gensol, under scrutiny for allegedly defaulting on debt, has denied allegations

** Co says financial impact of search and seizure at its Gurgaon and Ahmedabad offices could not be ascertained

** Adds it is in the process of taking appropriate legal measures

** Stock poised to extend losing streak to 14th straight session

** GENO declines 88.7% YTD

 (Reporting by Yagnoseni Das in Bengaluru)

 ((Yagnoseni.Das@thomsonreuters.com;))