BharatPe and Ashneer Grover settle dispute, Grover divests shares to Resilient Growth Trust.
BharatPe has settled its legal disputes with former co-founder Ashneer Grover, who will cease all affiliations with the company and divest his shares. Grover's shares will be allocated to the Resilient Growth Trust for BharatPe's benefit and managed by his family trust. Both parties agreed not to pursue any further legal action. This resolution follows allegations of fund misappropriation against Grover and his family, totaling approximately Rs 81.3 crore.
September 30, 2024
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