Gensol Engg raises Rs900 cr

New Delhi: Renewable energy solutions provider Gensol Engineering on Wednesday said it has raised Rs900 crore through the issue of warrants convertible into equity shares on a preferential basis. The equity fundraise saw participation from international and domestic participants including FPIs such as Elara India Opportunity Fund, Aries Opportunities Fund, Tano Investment Opportunities Fund etc.

“Gensol Engineering, a leading renewable energy and electric mobility pioneer, today raised a significant Rs900 crore equity capital through warrants convertible into equity shares on a preferential basis,” a company statement said.