According to media sources, BharatPe co-founder Ashneer Grover requested a large payment of Rs 4,000 crore from investors to exit the company. Grover has requested the investors to buy out his ownership in the company if they want him to leave.
While Grover disputes all allegations, he stated in an interview with Moneycontrol that he will quit the company only if an investor buys out his 9.5 percent ownership at a $6 billion price.
Also Read: "If anyone asks for more than 200 Cr. Valuation, I will pour water on them": Ashneer Grover
“What have I done to resign? This is like execution before trial. I am the MD (managing director). I run the company. If the board thinks I don’t need to be the MD and someone else should run the company, please put my Rs 4,000 crore on the table and take the key away from me,” Grover said.
“If you want to buy me out at the fair market value, right? In my view, the fair market value is $6 billion. Either I’ll run the company or they buy me out, there is no third option,” he added.