Wednesday, April 16, 2025

Gensol promoter Anmol Jaggi invested in Ashneer Grover's startup using diverted funds: Sebi interim order

An order issued by market regulator Securities and Exchange Board of India (Sebi) on Tuesday detailed various examples of diverting funds that Gensol raised to procure electric vehicles (EVs). A list in the order shows Jaggi transferred Rs 6 crore to his mother, Rs 2 crore to his wife, and Rs 50 lakh to Grover's Third Unicorn.

from Tech-Economic Times https://ift.tt/gUyVNGz

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