** Shares of Gensol Engineering Ltd GENO.NS fall 5%, the exchange-allowed maximum, to a record low of 305.80 rupees
** The engineering co says promoters have undertaken sale of 2.37% stake of co for liquidity that will be reinvested into the business
** Credit rating agencies ICRA and CARE had downgraded co earlier last week, raising concerns over its liquidity position and corporate governance practices
** Co's board will also meet on March 13 to consider raising of funds and share split
** Stock on track to fall for 10th straight day
** More than 1.4 mln shares traded, 3.1x their 30-day moving avg
** GENO stock down 57.6% YTD so far, including session's losses
(Reporting by Meenakshi Maidas in Bengaluru)
((meenakshi.maidas@thomsonreuters.com;))
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