💨 Abstract

Former BSE chairman S Ravi expressed concern over the allegations against BluSmart, stating they could damage investor trust and tarnish the reputation of startups. BluSmart faced closure due to alleged fund diversion and document falsification by Gensol Engineering Ltd, which impacted it. Co-founders Anmol and Puneet Jaggi stepped down as directors after a SEBI notice.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖