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Ashneer Grover's demands heat up fintech unicorn BharatPe boardroom tussle

Seeks removal of CEO Suhail Sameer from board, wants Rs 4K-cr buyout of his stake

Ashneer Grover, co-founder and MD, BharatPe
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Ashneer Grover, co-founder and MD, BharatPe

Deepsekhar Choudhury Bengaluru
The boardroom tussle at fintech unicorn BharatPe has taken a new turn with founder and Managing Director Ashneer Grover writing to the board of directors, withdrawing his nomination of Chief Executive Officer Suhail Sameer as its member, according to media reports. 

In an interview with Moneycontrol, Grover has said while he denies all wrongdoing, he will leave the company if investors buy out his 9.5 per cent stake for Rs 4,000 crore, valuing the company at $6 billion.

Last month, Grover went on voluntary leave till March amid concern about a toxic work culture in the company and growing murmurs
Topics : bharatpe