Electric ride-hailing co BluSmart halts cab bookings amid Gensol crisis

Quick Summary:

The share price of Gensol Engineering dropped 5 per cent to Rs 122.68 on April 16.

BluSmart is a subsidiary of Gensol Engineering.

Out of the total loan amount, the company had earmarked Rs 663.89 crore for the procurement of 6,400 electric vehicles to be deployed at BluSmart.

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Category: BusinessFinance

Markets: India

Topics: SEBI action BluSmart parent company BluSmart cab booking halted Electric cab service disruption India Sebi fraud case Gensol promoters BluSmart operations halted BluSmart app issue Anmol Singh Jaggi Sebi order BluSmart cab booking problem Gensol Engineering SEBI ban Gensol funds diversion allegations BluSmart service disruption Delhi NCR Bengaluru Mumbai Uber BluSmart deal update BluSmart Uber deal reevaluation SEBI interim order April 2025 BluSmart ride booking unavailable The Camellias apartment SEBI probe SEBI action on Gensol directors Puneet Singh Jaggi barred by SEBI BluSmart Gensol Engineering connection SEBI bans listed firm promoters

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-16 @ 19:59:56 (3 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 410 words

Reading Time: 3 minutes read

Sentences: 22 lines

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Copyright Owner: © Business Standard

News ID: 27951173

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