The NIA is now investigating their funding and whereabouts over the previous 4 years. In mid-March, IIFL had said it would elevate up to 15 billion rupees via a rights issue, which provides preferential treatment to existing shareholders, however had not finalised the quantity. Elon Musk will meet Modi on Monday during his India trip, when the billionaire is expected to unveil his plans to enter the world’s third-largest auto market where electric automobile adoption is still in its infancy. The re-vote comes ahead of next week’s quarterly earnings for Tesla, which is grappling with weak demand in addition to…
