Gensol Engineering Limited (BSE:542851) agreed to acquire a majority stake in Gensol Electric Vehicles Private Limited on August 10, 2022. The transaction is subject to the approval of the Board of Director of Gensol Engineering Limited. As of August 19, 2022, the transaction was approved by the Board of Director of Gensol Engineering Limited.
Gensol Engineering Limited (BSE:542851) completed the acquisition of 58.08% stake in Gensol Electric Vehicles Private Limited on January 6, 2023. Gensol Engineering Limited acquired 1,37, 953 shares for the consideration of INR 35 Million.