Fintech company BharatPe on Monday announced that it has reached a settlement with its former co-founder Ashneer Grover, following which he will not be associated with the firm in any capacity.
“As part of the settlement, Mr Gover will not be associated with BharatPe in any capacity nor be a part of the shareholding of the company. Certain shares of Mr Grover shall be transferred to the Resilient Growth Trust for the benefit of the Company and his remaining shares will be managed by his family trust,” BharatPe said in an official statement.
BharatPe further added that both the parties have decided to not pursue the case. “Both parties have decided not to pursue the cases filed. We wish Mr Gover well. BharatPe continues to focus on delivering industry leading solutions to its merchants and customers driving growth with profitability,” the company said.
From: financialexpress
Financial News
