The company allegedly failed to share its store expansion and opening plans with the “stock exchanges and all investors in a timely manner” last month.
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With his back to the wall, the founder is exploring options that could benefit him much more than others. Even at the expense of the customers, investors, vendors and employees.
SEBI’s interim order details how the green energy poster boy built a paper empire with investor money while living a billionaire lifestyle.
The decade-old company is reportedly planning to venture into food delivery and fintech. Its no-commission model might just come in handy for its expansion plans.