Gensol Engineering dilutes 10% stake to raise Rs 140 Crore for its EV manufacturing project - Moneycontrol

The renewable energy solutions company plans to make 14,400 electric cars annually at the proposed facility in Chakan, Pune. It will also use the proceeds to grow its solar EPC business.

Gensol Engineering Ltd, an Ahmedabad-based renewable energy solution provider, has sold a 10 per cent stake to a pool of Indian and international investors for Rs 140 crore. The company will deploy … [+2778 chars]

full article...