India's Gensol Engineering up after unit plans IPO in 2025

Gensol Engineering

04/10/2024 05:54

** Shares of India's Gensol Engineering  GENO.NS  rise 3% to
845 rupees
    ** Construction co's unit Matrix Gas & Renewables plans to
file for an IPO in 2025, aiming to raise 10 bln - 12 bln rupees
($119.1 - $142.9 mln)
    ** Stock set to snap four straight weeks of losses 
    ** GENO has gained ~80% since its listing in July 2023

 (Reporting by Yagnoseni Das in Bengaluru)
 ((Yagnoseni.Das@thomsonreuters.com;))