The Sebi notice, dated August 11, has asked the executives to explain the timing of a disclosure the company made on December 6, 2023, when it revealed plans to pull back on small loans under Rs 50,000 - mostly comprising its "buy now, pay later" offering. The move had come shortly after India's central bank tightened rules on unsecured lending.
The Sebi notice, dated August 11, has asked the executives to explain the timing of a disclosure the company made on December 6, 2023, when it revealed plans to pull back on small loans under Rs 50,000 - mostly comprising its "buy now, pay later" offering. The move had come shortly after India's central bank tightened rules on unsecured lending.
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