Thursday, 17 April, 2025

SEBI Probes Financial Links Between Anmol Jaggi and Ashneer Grover Amid Alleged Fund Diversions

The Securities and Exchange Board of India (SEBI) is investigating financial transactions between Gensol Engineering promoter Anmol Singh Jaggi and BharatPe co-founder Ashneer Grover. SEBI's interim order reveals that Jaggi invested ₹50 lakh in Grover's startup, Third Unicorn, using funds allegedly diverted from Gensol through a related entity. Subsequently, Grover and his LLP, Ash Grove, invested ₹99.26 lakh in Jaggi's Matrix Gas & Renewables, which later canceled its IPO plans.