That's some serious allegations on Blusmart!
What is this guy getting into 🤐
Big Miss: BluSmart has just announced that its fleet has grown to 7k cars 📛📛 And that’s 30% off target. And there are other issues too. ...
https://www.linkedin.com/posts/jshilanjanm_blusmart-gensol-indianstartups-activity-7174346755180752896-KkRF?utm_source=share&utm_medium=member_android
This has been the MO for all big family groups in India to raise cheap capital.
Pump up stock price, Pledge and take loan at low rates and invest in Capex. Adanis are pros in this game.
Bluesmart is doing it in a very small scale. Larger risk to the financial system is due to the biggies.
