Monday, 21 April, 2025

BluSmart Bondholders Demand Immediate Repayment Amid Governance Concerns

Investors in BluSmart Mobility's ₹100 crore non-convertible debentures (NCDs) are invoking the 'Event of Default' clause to seek immediate repayment, following delayed payments and halted cab services. The company, which raised funds via platforms like Yubi, Klub, and Centricity, faces scrutiny over governance lapses and associations with Gensol Engineering, currently under SEBI investigation.