According to reports, the Ministry of Corporate Affairs has levied individual penalties on Zerodha’s key personnel. Founder and Director Nithin Kamath, director Rajanna Bhuvanesh, and CEO Vishal Virendra Jain were fined Rs 4.08 lakh, Rs 5 lakh, and Rs 3.45 lakh, respectively
Read MoreThe company's rapid expansion led to a cash shortage and a decline in valuation, resulting in multiple lawsuits in India and the US
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