ensol Engineering Shares, Gensol Share Worth Right now Reside Information & Updates: Gensol Engineering on Wednesday denied falsifying debt-related information, after credit standing company ICRA downgraded the corporate and raised issues over its liquidity place and company governance practices, a Reuters report learn.
Credit standing companies ICRA and Care Edge Scores downgraded the development and engineering agency this week and famous ongoing delays within the firm’s debt servicing.
The corporate denied any involvement in claims made by the score companies and added it could be establishing a committee to overview the matter. “These are difficult occasions and we’re taking decisive steps in direction of strengthening our monetary place and guaranteeing long-term monetary stability,” Gensol added.
The agency’s inventory fell 10% on Wednesday after plunging 20% within the earlier session.
