BharatPe settles 2-year long dispute with Ashneer Grover, internet is here with hilarious memes
BharatPe reached a definitive deal with its former co-founder, Ashneer Grover. A resolution was reached, putting an end to the two's years-long fight, under which Ashneer Grover will no longer be connected with BharatPe in any position, nor will he own any shares in the company.?
A BharatPe representative told Moneycontrol that some shares of Ashneer Grover will be transferred to the Resilient Growth Trust for the benefit of BharatPe, while his remaining shares will be maintained by his family trust.
What is the settlement between Ashneer Grover and BharatPe??
According to the statement, both parties decided not to pursue the filed cases. ¡°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 read.?
Following this development, Grover tweeted on X, "I have reached a decisive settlement with BharatPe. I repose my faith in the management and board, who are doing great work in taking BharatPe forward in the right direction. I continue to remain aligned with the company's growth andsuccess. I will no longer be associated with BharatPe in any capacity, nor be part of the capital table. My remaining shares will be managed by my Family Trust. Both parties have decided not to pursue the cases filed. I hope BharatPe continues to grow and succeed for the benefit of all its stakeholders."
How did people on the internet react??
Many people shared hilarious memes related to Ashneer Grover. Here's how people reacted.
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