Inside Gensol & The Six Sins Of Jaggi Brothers

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“The quantifiable financial impact on the company cannot be ascertained at this point in time,” EPC firm Gensol said in an exchange filing yesterday on the impact of an interim order passed by SEBI. 

This came a day after the markets regulator, in the interim order, laid bare the dirty secrets of Gensol and its promoters, Anmol Singh Jaggi and Puneet Singh Jaggi. The Jaggi brothers are also the cofounders of EV ride-hailing startup BluSmart.

SEBI, in its detailed 29-page interim order, said that the brothers misutilised Gensol’s…



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Inside Gensol & The Six Sins Of Jaggi Brothers


“The quantifiable financial impact on the company cannot be ascertained at this point in time,” EPC firm Gensol said in an exchange filing yesterday on the impact of an interim order passed by SEBI. 

This came a day after the markets regulator, in the interim order, laid bare the dirty secrets of Gensol and its promoters, Anmol Singh Jaggi and Puneet Singh Jaggi. The Jaggi brothers are also the cofounders of EV ride-hailing startup BluSmart.

SEBI, in its detailed 29-page interim order, said that the brothers misutilised Gensol’s…



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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