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Sahara's Rise, Fall, and Resilience: Subrata Roy's Entrepreneurial Rollercoaster

Subrata Roy, the visionary founder of the expansive Sahara Group, breathed his last on Tuesday at the age of 75, succumbing to a cardiorespiratory arrest following a prolonged battle with metastatic malignancy, hypertension, and diabetes. His demise marks the end of ...

Govt To Launch Sahara Refund Portal For Claim Submission By Depositors

Cooperation Minister Amit Shah on Tuesday will launch 'CRCS-Sahara Refund Portal' for submission of legitimate claims by genuine depositors of four cooperative societies of Sahara Group, according to a PTI report. On March 29, the government said that money will be ...

SEBI Terminates Sahara India Financial Corp's Registration As Sub-broker

SEBI, the market regulator, cancelled Sahara India Financial Corporation Ltd's certificate of registration as a sub-broker on Wednesday, citing the company's failure to meet the "fit and proper" requirements. The DA stated in the Enquiry Report that "considering Subrata Roy Sahara's ...

Does Sahara group come under RTI Act? Sebi gets a query

A long-drawn case involving funds raised by two Sahara firms through 'various illegalities' seems to have made Sebi a preferred agency for all kinds of queries about the group, with the latest being whether the Lucknow-based conglomerate falls under the purview ...

SAT adjourns hearing on Sahara plea to April 20

The Securities Appellate Tribunal on Saturday adjourned to April 20 its hearing on Subrata Roy's plea against market regulator Sebi's attachment order of his bank accounts and other assets, along with those of two group firms and their top executives. ...

Sahara victimised for years, but won't give up: Subrata Roy

Facing a possible auction of his personal and company assets by Sebi, a defiant Sahara chief Subrata Roy says he feels victimised by a chain-reaction of events over the years that began with a political vendetta in 2005, followed by regulatory ...

Sahara chief Subrata Roy appears before Sebi

Sahara group chief Subrata Roy and three other top executives today appeared before market regulator Sebi, which had summoned them in the high-profile case involving refund of an estimated Rs24,000 crore to over three crore investors. Roy, along with Ashok ...

Sebi freezes Sahara accounts, attaches Subrata Roy’s properties

Taking stern action against Sahara in the high-profile investor refund case involving over Rs 24,000 crore, market regulator Sebi today ordered freezing of bank accounts and attachment of all properties of two group firms and top executives, including Subrata Roy. ...

SEBI urges investors not to come under Sahara group pressure

The Securities and Exchange Board of India (SEBI) has urged bondholders of Sahara Group through advertisements that they should not come under pressure from Saharas or their agents and switch from one Sahara Scheme to another. "SEBI has been receiving ...

SEBI duty bound to take action against Sahara: SC

Market Regulator SEBI was told by the Supreme Court today that it was duty bound to take action against the Sahara group for non-compliance of its directions relating to the refund of Rs24,000 crore raised from investors through optionally fully convertible ...

Sahara to refund Rs 17,400 crore to investors: SC

The Sahara group has to refund Rs 17,400 crore raised from small investors between 2008 and 2011, the Supreme Court (SC) has ruled, as per Reuters report. The SC has also ordered the company to pay 15% interest to investors ...

SEBI orders Sahara firms to refund OFCD investors

The market regulator, Securties and Exchange Board of India, has ordered the companies part of the Sahara group, to refund the money to the optionally fully convertible debentures (OFCDs) subscribers in cash and also pay an annual interest of 15% covering ...

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