Gensol Engineering shares nosedive 35% in 3 days after rating downgrades from CARE, ICRA

ICRA has downgraded the credit ratings of various loan facilities totaling Rs 2,050 crore. The long-term fund-based term loan of Rs 925 crore and the fund-based cash credit of Rs 718.5 crore were downgraded from [ICRA]BBB- (Stable) to [ICRA]D.