Gensol had announced a bonus issue in 2:1 ratio, which meant that eligible shareholders will be getting two bonus shares of the company for each share held by them as of the record date.
Gensol EV Lease, a subsidiary of Gensol Engineering has bagged an order for more than 500 Tata Ace Cargo EVs valued at Rs 75 crore from an all-electric logistics company.
Shares of Gensol Engineering have surged more than 75 per cent in the last two months, while the stock has gained a close to 120 per cent from its 52-week low.