BharatPe has announced reaching a definitive settlement agreement with its former co-founder Ashneer Grover. As part of this settlement, Mr. Grover will no longer be associated with the company in any capacity, including shareholding. A portion of Grover’s shares will be transferred to the Resilient Growth Trust for the benefit of BharatPe, while the remaining shares will be managed by his family trust.
Both BharatPe and Ashneer Grover have decided to withdraw the legal cases filed against each other, concluding their disputes. In its official statement, BharatPe conveyed good wishes to Mr. Grover and reaffirmed its commitment to delivering industry-leading solutions to merchants and customers, focusing on growth and profitability.
“We wish Mr. Grover well. BharatPe continues to focus on delivering industry-leading solutions to its merchants and customers driving growth with profitability,” the statement concluded.
