But a scrutiny of the database and matching with bond purchase details with corporate filings show that the Hyderabad-headquartered green energy player bought electoral bonds through at least 44 companies, the highest for any group.
In all, Greenko group companies cumulatively shelled out ₹117 crore on electoral bond purchases. While corporates do use group and associate firms to buy electoral bonds, Greenko's footprint in terms of the number of companies involved far outweighs entities and related parties used by other major corporates that have purchased bonds.
In addition to the 44 companies that are part of the Greenko group, three of four directors of another company-Ace Urban Developers are also associated with a number of Greenko group firms. Ace Urban bought electoral bonds worth 10 crore.
This story is from the March 23, 2024 edition of Financial Express Mumbai.
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This story is from the March 23, 2024 edition of Financial Express Mumbai.
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