Gensol Engineering shares crash after Care Ratings downgrades bank loan | Company Business News
Gensol Engineering Ltd (GEL) on Tuesday said Care Ratings has downgraded its bank loan of ₹716 crore to default following delays in “servicing of term loan obligations”, sending the company’s shares reeling. Following the disclosure, the company’s stock fell 20% to hit the lower circuit, settling at ₹413.95 on the BSE. “As per feedback from … Read more