NEW DELHI: Gensol Engineering Ltd co-promoter Puneet Jaggi advised a Delhi court docket on Tuesday that he was not concerned within the day-to-day affairs of the corporate, which is being investigated by a number of companies, and claimed his elder brother Anmol, at present in Dubai, made all of the administration selections, officers conversant in…
Indian Renewable Vitality Improvement Company (IREDA), one in every of two public sector lenders who had loaned cash to scam-hit Gensol Engineering for getting electrical automobiles, on Friday mentioned the promoters of the agency breached the contract by diluting shareholding with out lenders’ approval. IREDA mentioned it has filed a grievance with the Financial Offences…
Markets regulator Sebi has stated it discovered “no manufacturing exercise” at Gensol Engineering’s electrical car (EV) plant in Pune with solely 2-3 labourers current when a Nationwide Inventory Alternate (NSE) official visited the positioning. SEBI Bhavan at BKC Bandra, in Mumbai.(Vijay Bate/HT photograph) These revelations have been a part of markets regulator Sebi’s interim order…
In July 2024 EV cab service BluSmart raised Rs 200 crore in funding from new traders like ex-India cricket staff captain MS Dhoni and Responsability Investments, a personal banking agency from Switzerland. That spherical took whole funding since December 2023 to round Rs 710 crore. It additionally marked the completion of the Gurugram-based firm’s pre-Sequence…
