BharatPe settles dispute with ex co-founder Ashneer Grover: What company said

BharatPe and Ashneer Grover reached a settlement, ending their dispute. Ashneer Grover's certain shares will be transferred to Resilient Growth Trust.

Updated on: Sep 30, 2024, 12:32:58 IST

By HT News Desk

Prefer HTon Google

Share via

Copy link

BharatPe arrived at a definitive agreement with the company's former co-founder Ashneer Grover. Bringing an end to years of dispute between the two, a settlement was arrived at as per which Ashneer Grover will not be associated with BharatPe in any capacity nor be a part of the shareholding of the company.

BharatPe has settled its dispute with Ashneer Grover, who will no longer be affiliated with the company. His shares will be managed by a family trust, and both parties have chosen to withdraw legal actions against each other.

Read more: Tesla visits homes to check staff in Germany who called in sick, gets slammed doors and threats to call police

A BharatPe spokesperson said in a statement as per Moneycontrol that certain shares of Ashneer Grover will be transferred to the Resilient Growth Trust for the benefit of BharatPe and his remaining shares will be managed by his family trust. Both parties decided not to pursue the cases filed, it said, adding, “We wish Mr. Grover well. BharatPe continues to focus on delivering industry-leading solutions to its merchants and customers driving growth with profitability."

ABOUT THE AUTHOR
HT News Desk
Follow the latest breaking news, major developments and agenda-setting stories from India and around the world with the newsdesk at Hindustan Times. Operating round the clock, the desk brings together experienced editors, reporters and correspondents to deliver fast, accurate and contextual reporting across subjects that influence public policy, governance, business, society and international affairs. The HT News Desk covers politics, elections, government policies, the economy, business and markets, science and technology, the environment, law and order, infrastructure, education, climate issues and geopolitics, while closely tracking developments across states, institutions and global capitals. The team also leads coverage of major breaking news events, policy announcements, court proceedings, natural disasters, public emergencies and significant international developments. Reports published by the newsdesk are based on information gathered from reporters on the ground, official statements, government agencies, court records, regulatory filings, recognised institutions and other authoritative sources. Stories undergo editorial scrutiny and verification processes to ensure accuracy, fairness and relevance, and are updated as events evolve and additional information becomes available. Whether covering a key political decision in New Delhi, an economic policy shift affecting millions, a landmark court ruling or a major global event, the HT News Desk aims to provide readers with reliable, fact-based journalism that delivers not only the latest developments but also the context and analysis needed to understand their wider implications.Read More

Ashneer Grover

Stay updated with the latest Business News, stock market updates, petrol and diesel prices, gold and silver rates, income tax updates and major developments from India and across the world.