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Finablr removes founder's son as director

Reuters

(Reuters) - Payments group Finablr Plc on Friday terminated director Binay Shetty, son of its founder and Indian billionaire BR Shetty, from its board.

Finablr last year sold its business to an Israeli-United Arab Emirates consortium for a nominal $1 after running into financial difficulties. BR Shetty stepped down as co-chairman in August 2020.

(Reporting by Shanima A in Bengaluru; Editing by Shinjini Ganguli)