Gensol Get SEBI’s Whiplash, Gupshup Trims 500 Jobs & More

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Jaggi Brothers Accused Of Using Gensol’s Funds As Piggybank

SEBI has barred Gensol promoters and BluSmart cofounders, Anmol and Puneet Singh Jaggi, from holding any directorial or key managerial roles at the EPC company, and restricted them and the company from accessing the securities market. The action stems from allegations of fraudulent diversion and misuse of company funds by the Jaggi brothers.

What’s The Catch? Gensol took a loan of INR 977 Cr from the Indian Renewable Energy Development Agency and Power Finance Corporation for…



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We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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Gensol Get SEBI’s Whiplash, Gupshup Trims 500 Jobs & More


Jaggi Brothers Accused Of Using Gensol’s Funds As Piggybank

SEBI has barred Gensol promoters and BluSmart cofounders, Anmol and Puneet Singh Jaggi, from holding any directorial or key managerial roles at the EPC company, and restricted them and the company from accessing the securities market. The action stems from allegations of fraudulent diversion and misuse of company funds by the Jaggi brothers.

What’s The Catch? Gensol took a loan of INR 977 Cr from the Indian Renewable Energy Development Agency and Power Finance Corporation for…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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