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Sebi cracks down on Sahara again, orders over Rs 14,000 crore refund with 15% interest

Updated : November 01, 2018 05:05:58 IST

The order, which also bars the company, Sahara India Commercial Corporation Ltd (SICCL), as well as its then directors and associated entities from the markets and from associating with any public entity, relates to collecting funds between 1998 and 2009 from nearly 2 crore investors through issuance of certain bonds.
In case of SICCL too, the Sebi order mentioned that the company made submissions that it has already refunded the money collected from the investors in cash, barring Rs 18 crore for which the bondholders did not turn up for the refund. 
Sebi cracks down on Sahara again, orders over Rs 14,000 crore refund with 15% interest
Published : November 01, 2018 05:05 PM IST

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