Both agencies have downgraded Gensol to their respective ‘D’ citing high-risk of defaulting on its payments. Earlier in February, the chairman and MD of the company had sold part of his shares to reduce the pledged shares against the loan for the company.
Sebi relaxes F&O monitoring norms for intraday limits, removes penalty for breach
Sebi has mandated exchanges to monitor at least four intraday position limits for index derivatives starting April 1, 2025. While breaches won’t incur penalties yet,