Ashneer Grover resigned after receiving Board meet agenda on PwC probe

Ashneer Grover's 9.5% stake in the company might be clawed back as it is on the Board's agenda to deliberate on the issue in the meeting tonight.

Ashneer Grover, the embattled co-founder of financial technology (fintech) unicorn BharatPe, resigned as managing director (MD) and company’s board director on Monday. The company later said Grover’s resignation letter was received within minutes after a board meeting was called to deliberate on an audit report by accounting firm PwC.

“Grover resigned as MD and board director of BharatPe, minutes after receiving the agenda for the upcoming board meeting that included submission of the PwC report regarding his conduct and considering the actions based on it. The board reserves the right to take action, based on the report’s findings,” the