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flag Gensol Engineering's shares drop after promoters sold a stake, amid a ratings downgrade to 'Default.'

flag Gensol Engineering, an Indian engineering firm, saw its shares fall 4% after its promoters sold a 2.37% stake to unlock liquidity, which will be reinvested in the company. flag The stock has declined 66% in six months but surged 290% over three years. flag The company plans to consider a stock split and fundraising options at a board meeting on March 13. flag ICRA downgraded the company’s debt rating to 'Default' due to falsified documents concerning debt servicing, which Gensol denies.

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