Zerodha co-founder Nikhil Kamath, sharing an image on the social media platform X promoting a WhatsApp group to join for stock tips, said it was a scam. He asked users to report the advertisement, saying that he never had any WhatsApp group for stock tips.
"Scam alert, this is obviously not from me, I have never had or have any WhatsApp groups, nor do I give tips etc. Please report these," Mr Kamath wrote on X on Friday.
"Also to all the brands who reach out, I don't do paid promotions/collaborations/ads/paid speaking engagements of any kind," he added.
Many users reacted to Mr Kamath's post and appreciated him for alerting them against such scams.
"By sharing these scam alerts, you're not just protecting yourself, but empowering your entire community to spot and avoid these predatory tactics," a user said.
"It's great to see you taking a firm stance against paid promotions and collaborations. Your authentic voice and content are what truly resonates with your audience," another user wrote.
One more user mentioned, "It takes courage to turn down lucrative opportunities, but you're clearly committed to preserving the integrity of your platform."
(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)
Featured Video Of The Day
"Thought It Was Cool": Zerodha's Nikhil Kamath Reveals He Wanted To Adopt A Child How A WhatsApp Group On Stock Tips Scammed Businessman Of Rs 1.88 Crore "I Was 18 Or 19...": Zerodha's Nikhil Kamath Recounts 1st Trip Abroad During Call Centre Days Elon Musk Replies To 'We Need Your Help Removing Trudeau' Post Justice DY Chandrachud's Final Message As Chief Justice Of India Poll Panel's Warning Amid Row Over Uddhav Camp Leader's Shaina NC Comment Hired Killer Doesn't Get Money For Murdering Lawyer. He Goes To Cops Tonnes Of Untreated Waste Being Dumped In Landfills In Kedarnath: RTI Query A Look At What Maratha Warriors Wore And Weapons They Used In 17th Century Track Latest News Live on NDTV.com and get news updates from India and around the world.