BharatPe Settles With Ashneer Grover, Says Ex-Cofounder Won’t Be Associated With The Firm In Any Capacity

BharatPe Settles With Ashneer Grover, Says Ex-Cofounder Won’t Be Associated With The Firm In Any Capacity

SUMMARY

BharatPe has settled its two-year long legal dispute with Ashneer Grover, following which he will not be associated with the company, and give up his shares

It is confirmed that both the parties have decided not to pursue the cases filed

Grover resigned from his position as managing director and cofounder of BharatPe, on February 28, 2022

BharatPe has settled its two-year long legal dispute with Ashneer Grover, following which the former cofounder will no longer have association with the company, nor hold any shareholding pattern. 

“Mr Grover 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 a statement.

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