Gensol Engg promoters infuse Rs 29 crore in company via conversion of warrants into equity. Shares of the company settled 5 percent lower in Monday’s trade at Rs 305.8 per share on the NSE. Gensol’s stock has fallen to a multi-month low due to several factors, including multiple ratings downgrades. The company has faced scrutiny over delays in servicing its term loan obligations and allegations of data falsification. However, GensOL has denied any involvement in the alleged activities and has initiated an internal investigation. The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions. The shares of the firm were trading at Rs305.8 on Monday, down 5% from their previous close of Rs306.8. The share price has fallen for the 10th consecutive session on March 10. The decline has extended to nearly 60 percent over the period. The stock fell further after the promoters offloaded 2.3 percent of their stake in the company, amounting to approximately 9 lakh shares.