Sahara Firms

  • Subrata Roy, others to appear before Sebi today April 10, 2013

    Mumbai: In the highprofile refund case involving an estimated Rs 24,000 crore payment to over three crore investors, Sahara Group's chief Subrata Roy and other top executives will appear before the marget regulator Sebi on Wednesday. Sebi had summoned Roy and three other directors of two Sahara firms for personal...
  • Rs 55 cr and counting: SEBI's expense bill to Sahara April 7, 2013

    New Delhi: Market regulator SEBI has incurred initial costs of more than Rs 55 crore in its humongous task of facilitating Rs 24,000crore refund to bondholders of two Sahara firms after verifying their credentials and Saharas would have to clear all these bills. The final expense bill of the Securities...
  • SC allows SEBI to seek info from Sahara firms January 4, 2011

    New Delhi: The Supreme Court on Tuesday said SEBI was entitled to seek all necessary information from two Sahara group firms on how resources were being raised but refused to stay the companies' ongoing fundmopping exercise. The apex court was hearing market regulator's petition against an Allahabad High Court order staying...