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Sethurathnam Ravi, former chairman of the Bombay Stock Exchange, expressed deep concern over the recent allegations surrounding BluSmart, adding that such incidents will damage investor trust and tarnish the broader perception of the startups.
Ravi, the former BSE chairman and founder of Ravi Rajan & Co, warned that such actions could shake the confidence of investors in the new ventures and tarnish the credibility of even the well-established startups.
Recently, market regulator Securities and Exchange Board of India (Sebi) flagged issues related to…
