Genus Power investors question subsidiary share distribution

Word in the street

Genus Power Infrastructures Limited

Genus Power Infrastructures, a company with a market capitalisation of around ₹9,327 crore, has seen its stock fall nearly twenty percent over the last year. Discussions among investors have recently centered on an entirely different matter. Shareholders have been exchanging notes about receiving shares of a subsidiary, Genus Prime Infra. The experience appears varied, with some reporting the shares were credited to their accounts months ago. Others, including those with NRE accounts, noted the shares appeared but were not yet tradeable. Still other investors using popular brokerage platforms like Zerodha and ICICI Direct said they were waiting for their allocation but had received recent communication suggesting the credit was imminent.

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