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India’s market regulator, after finding that he was abused by electric vehicles, threw a probe on Tuesday. A beginning of Gensol connected to Gensol connected to Gensol, which was seen as a Uber opponent, which was seen in the South Asian market, was also swept into the investigation.
Indian Securities and Exchange Board (CEBI) are prohibited from Gensol Engineering, Anmol Singh Jaggi and Puneth Jaggi, participating in the main positions and securities market and participate in the securities market and participate in the securities market and Pune Singh Jaggi’s founders. Jaggi brothers also built Blusmart mobility.
Anmol Singh Jaggi said that the company said that the company “fully cooperates” with the Indian regulator and brings together all the necessary documents and clarity. “
“This is just one intermediate step, a final decision and I am sure that even if everything was considered right, we always believed in the position and we will not change.”
Injunction, the regulatory Jaggi brothers, including the purchase of luxury real estate on the edge of India’s capital, justified the brothers for their personal use.
Regulator, GenSOL Engineering, State Indian Renewable Energy Development Agency (about $ 114 million) (about $ 114 million) (about $ 114 million), ($ 114 million), he said in the financing of a loan and the power finance. To do this, 6.63 billion rupees were appointed to buy 6,400 houses to rent a blusmart. However, the company recorded a total of 4704 houses for 5.68 billion rupees, regulators order (PDF).
“Some of these funds, including the purchase of high-level real estate (i), including personal expenses of promoter (i) Promoter institutions (ii) property, etc.
GenSol rejected the default allegedly related to the debt payments. However, the regulatory debt referred to the information of the gujarat-headquarters, “Standard default cases” by the headquarters company.
“Presenters worked as a public company on the list, as if they worked as a property firm,” he said.
The order is more than a month after downloading the credit rating agency, the company comes from a month, the company’s debt service and corporate governance practices are concerned about delays.
Meanwhile, Blusmart, a Gensol Customer and co-founders struggle because of the lack of money burns and foreign capital. Starting tied the service in Dubai has initiated Last year and currently examines the ways to continue the work in Delhi-NCR, Bengaluru and Mumbai in India.
Rolling Startup, Indo-Rival Uber, Indian newspaper is planned to be pivoted to a fleet partner for economic cycles declare At the beginning of this week, with reference to people who are familiar with the developments.
In the late 2018, it was established as Gensol Mobility, the Blusmart Uber Fleet began as an operator. However, after the start of the starting COVID-19 pandemic, he appeared as a house rival to Uber after the standalone operations.
Blutmart Won $ 25 million In January 2024, increase the home charging stations from the liability of the Swiss Foundation based on the Swiss Foundation. It was reported that the company was in the negotiations after that year Lift up to $ 100 millionBut this financing is never material.
Gurugram-based start, more than $ 486 million in total finance, per Crunchbase. This counts between BP Ventures and Mayfield India Foundation among early investors.
Last year, there were 6,000 houses, including 6,000 EVS, including 6,000 EVS, including 6000 EVS, including MG Motor and T-Tigor sedans. The beginning planned to increase its fleet size to 10,000 by the end of the year, but did not reach the target.
Jaggi did not respond to what events specifically for Blusmart.
GenSol engineering continued its latest trading with 129 rupees, shutting down from 83% to 83%, on Monday, on Monday.
