Mumbai, March 3 -- The Enforcement Directorate (ED) alleged that the company contravened certain provisions of FEMA between 2015 to 2019 in relation to its acquisition of two subsidiaries, Little Internet Private (LIPL) and Nearbuy India Private (NIPL) erstwhile Groupon, along with certain Directors & Officers.

The alleged contraventions attributed to two acquired companies, Little Internet Private and NearBuy India Private pertain to a period when these were not subsidiaries of the company. The regulatory authority claims that the contravention involves aggregate transaction amounts of Rs 611.17 crore, including Rs 245.20 crore for OCL, Rs 344.99 crore for LIPL, and Rs 20.97 crore for NIPL.

To resolve the matter in accordance with appl...