Announced Mon, 13 Jul · 12:07 IST
Exchange seeks clarification on IREDA declaring Rs 673 crore loans as fraud
Regulatory & LegalExplain this filing
GENSOL · price
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Price reaction · full curve 14 horizons · vs prior close
—1-day move
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prior close
₹19.31
base price
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AI summary
IREDA has declared Gensol's Rs 673 crore loans as fraud and has reported the matter to the RBI. The NSE has sought a clarification from the company on this news item, and Gensol's official response is awaited. Investors are watching closely for the company's reply and any next steps from regulators.
Likely market impact
Negative news. A major lender has flagged loans as fraud, raising serious concerns. Stock likely under pressure until company responds.