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Vivek Sharma

Stealth • 2m

Fintech firm BharatPe has reached a settlement with its former co-founder Ashneer Grover, ending years of acrimonious legal battles and public disputes between the two parties. As part of the agreement, Grover will no longer be associated with BharatPe in any capacity, nor will he hold any shares in the company, according to a statement by a BharatPe spokesperson. Additionally, certain shares held by Grover will be transferred to the Resilient Growth Trust for the benefit of the company, while his remaining shares will be managed by his family trust. Both parties have agreed to drop the ongoing legal cases. A source close to the company revealed that Grover will transfer 1.4% of his holding to the BharatPe board, with the remaining 3.5-3.7% going to a family trust, thereby removing him from the company's cap table. Source: moneycontrol

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