Gensol Engineering shares in free-fall for 18th day, hit lower circuit limit

Gensol Engineering shares in free-fall for 18th day, hit lower circuit limit

New Delhi: Shares of crisis-hit Gensol Engineering were beaten down for the 18th straight day on Tuesday and hit a fresh lower circuit limit. The stock tanked 4.99 per cent to Rs 66.97 -- the lowest trading permissible limit for the day as also a 52-week low -- on the BSE. On the NSE, shares of the firm dropped 5 per cent to hit the lower circuit as well as a 52-week low level of Rs 66.25. In its 18 days of continuous fall, the stock has tumbled…

Corp affairs ministry orders probe against Gensol Engineering, BluSmart - OrissaPOST

New Delhi: The corporate affairs ministry has ordered a probe into the affairs of crisis-hit Gensol Engineering and BluSmart Mobility for alleged violations of companies law, according to officials. Gensol Engineering came under the regulatory scanner for alleged fund diversions and corporate governance lapses after Sebi, in April, passed an order barring the company’s promoters Anmol Singh Jaggi and Puneet Singh Jaggi from the securities market…