3 min read
08 May 2025, 05:50 AM IST
T. Surendar
If the transaction goes through, it would protect investors’ money, keep drivers employed, and bring Blusmart’s blue-and-white electric cabs back on the streets. It would also mean the complete exit of Jaggis, who founded the company six years ago.
₹850 crore borrowing is owed to Gensol.” title=”A big chunk of Blusmart’s ₹850 crore borrowing is owed to Gensol.”>A big chunk of Blusmart’s ₹850 crore borrowing is owed to Gensol.
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Investors in Blusmart are in talks to buy out promoter Anmol Singh Jaggi in a bid to revive the ride hailing company, two people aware of the development said. The due diligence and valuation exercises are nearly complete, and some legal hurdles related to transfer of shares from the Jaggis are being ironed out, the people…
