Sebi makes fresh bid to find Sahara investors to refund their money

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Sebi makes fresh bid to find Sahara investors to refund their money
In a last-ditch effort to locate Sahara investors eligible for refunds, regulator Sebi has asked all such persons to submit their claims by next month, while the group claims to have returned the outstanding dues to almost all the concerned bondholders directly, reported PTI.

Those having invested in various bonds issued by two Sahara firms, Sahara India Real Estate Corp Ltd (SIRECL) and Sahara Housing Investment Corp Ltd (SHICL), have been asked by Sebi to submit their refund applications along with necessary documentary proof by September 30, 2014, as per the media reports.

This follows directions from the Supreme Court, which has asked Sebi to facilitate refund to the bondholders of the two companies in connection with a long-running dispute involving raising of funds to the tune of over Rs 24,000 crore from nearly three crore investors across the country, reported media.

Read more about: sebi, sahara
Story first published: Monday, August 25, 2014, 9:10 [IST]
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