Gensol Engineering’s promoters sold 2.37% equity to unlock liquidity for reinvestment following a 70% stock plunge over eight trading sessions. The company is considering a stock split and various fundraising options, and its CFO recently resigned. Multiple credit rating downgrades exacerbated the stock decline.
NFO flows hit a 5-year low in June quarter, SIPs stay robust
New fund offer collections by asset management companies fell significantly. Funds raised through new fund offers reached a five-year low in June. This sharp decline