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Kotak Vs BharatPe’s Ashneer Grover: SEBI asks bank to furnish IPO financing details

Shortpedia

Content Team
Image Credit: Inc42

Market regulator SEBI has reportedly initiated an investigation into Kotak Wealth — the wealth management arm of Kotak. The move comes shortly after the controversial call happened among BharatPe cofounder Ashneer Grover, wife Madhuri Grover and the bank over the financing of Nykaa’s IPO. According to Mint, SEBI has asked Kotak Wealth to furnish details of the IPO financing debacle with Grover.