BluSmart crisis: Investors tighten contracts

Quick Summary:

India-Business News: MUMBAI: Financial and corporate governance lapses at Gensol Engineering and its affiliate BluSmart have nudged investors to tighten the terms of inves.

Earlier, only criminal complaints against founders were considered a bad leaver event, allowing investors to remove them from their positions.

For instance, they want founders and promoters to disclose their sources of income, said Maulin Salvi, leader, corporate governance practice at Nishith Desai Associates.

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Article Details

Author / Journalist: Asmita Dey

Category: EconomyBusiness

Markets: IndiaOman

Topics: Venture capital Startup fraud Gensol Engineering Corporate governance Investment contracts BluSmart crisis Downside protection

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-23 @ 05:33:27 (9 hours ago)

News Timezone: GMT +5:00

News Source URL: timesofindia.indiatimes.com

Language: English

Article Length: 488 words

Reading Time: 3 minutes read

Sentences: 20 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Times of India

News ID: 28158778

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