Solv-Jumbotail merger faces delay over audit findings
- Posted on May 15, 2025
- By Financial Express
- 1 Views
Solv-Jumbotail merger faces delay over audit findings
The Solv-Jumbotail merger faces delays after an audit flagged related-party transactions inflating Solv’s revenue. Valuation may be revised, impacting regulatory approvals and investor plans. The $900M deal now faces uncertainty amid financial losses and management shakeups.
