New Delhi, March 10 -- Electrical Equipment maker Gensol Engineering Limited announced on Monday, March 10, that the company has allotted its promoters equity shares through the conversion of their share warrants into equity shares, according to an exchange filing.

"Gensol Engineering Limited is pleased to announce that promoters of the company are reinforcing long-term confidence in Gensol's vision by infusing Rs. 28,99,99,885.50/- (Nearly Rs.29 crore) through the conversion of warrants into equity," said the company in the BSE filing.

According to the filing data, the promoter share warrants will be converted into 4,43,934 equity shares at a price of Rs.871 per share.

"This step reaffirms the promoters' deep-rooted commitment to Gens...