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…