Gensol Engg shares plunge following rating downgrades

Both agencies have downgraded Gensol to their respective ‘D’ citing high-risk of defaulting on its payments. Earlier in February, the chairman and MD of the company had sold part of his shares to reduce the pledged shares against the loan for the company. Both agencies have downgraded Gensol to their respective ‘D’ citing high-risk of defaulting on its payments. Earlier in February, the chairman and MD of the company had sold part of his shares to reduce the pledged shares against the loan for the company.  Economic Times