The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Catalyst Trusteeship Ltd
GENSOL · price
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Power Finance Corporation Ltd (PFC), a government-owned lender, has invoked 25,65,972 equity shares (6.67% of total share capital) of Gensol Engineering Ltd that were pledged by Gensol Ventures Private Limited, a promoter group entity. Catalyst Trusteeship Ltd acted as the security trustee for PFC in this transaction. The invocation took place on June 10, 2025, and the disclosure was filed under Regulation 29(2) of SEBI Takeover Regulations. The total equity share capital of Gensol Engineering stands at 3,84,46,368 shares of Rs 10 each. The acquirer (Catalyst Trusteeship/PFC) does not belong to the promoter group of the company.
This is a negative signal indicating the promoter entity has defaulted on a loan with PFC, leading to the lender taking control of pledged shares. This could result in a change in the promoter holding of Gensol Engineering and may create further selling pressure or uncertainty around the stock.