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Former BSE Chairman S Ravi warns BluSmart allegations could harm investor trust
The Business Guardian
|April 21, 2025
S Ravi, former chairman of the Bombay Stock Exchange (BSE), expressed deep concern over the recent allegations surrounding BluSmart, adding that such incidents will damage investor trust and tarnish the broader perception of the startups.
S Ravi (Sethurathnam Ravi), the former BSE chairman and founder of Ravi Rajan & Co, warned that such actions could shake the confidence of investors in the new ventures and tarnish the credibility of even the well-established startups.
Recently, market regulator Securities and Exchange Board of India (SEBI) flagged issues related to alleged fund diversion and document falsification against Gensol Engineering Ltd, which impacted BluSmart, leading to the closure of services of the company.
Anmol Singh Jaggi along with his brother Puneet Singh Jaggi are the cofounders of BluSmart and directors at Gensol Engineering, an Ahmedabad-based solar engineering and services firm. Both have stepped down from the post of directors after the SEBI notice.
Diese Geschichte stammt aus der April 21, 2025-Ausgabe von The Business Guardian.
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