“Uday Kotak is a legend. I had the fortune of beginning my profession in Kotak — seven years — and might let you know nobody understands or does finance higher in India!” Grover stated in a remark to
a LinkedIn post by Radhika Bajoria, a communications skilled. The publish is per week previous and Grover’s remark was made 4 days in the past.
The remark is important because it comes weeks after it emerged that Grover and his spouse Madhuri Jain
sent a legal notice to Kotak Mahindra Financial institution on October 31, 2021, for failing to safe financing for Nykaa’s preliminary public providing (IPO). Kotak Mahindra Financial institution stated it might take “applicable authorized motion” in opposition to Grover for the inappropriate language he allegedly used in opposition to an worker of the lender. An
audio clip of the conversation had surfaced simply days earlier.
Grover is
on a voluntary leave of absence till the tip of March,
as is his wife Madhuri Jain. On Saturday, BharatPe stated that it had
appointed Alvarez & Marsal to conduct an impartial audit to bolster its inside processes and methods.
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