SC refuses to grant more time to Sahara to refund Rs 24,000cr

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PTI: New Delhi, Feb 25 2013, 21:57 IST

Rs 24,029.73 crore after premature redemption.

The group might have to fork out around Rs 38,000 crore as of now which includes the principal amount of Rs 24,029.73 crore and interest of around Rs 14,000 crore.

The Sahara group, on the other hand, justified its stand on not refunding the amount and said that large portion of the amount has already been redeemed to investors before the judgement was delivered.

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Sebi cautions investors against dealing with two Sahara firms Sebi suspects share price foul play through open offersMid-cap, small-cap shares crash up to 60%, Sebi starts probe SC refuses to grant more time to Sahara to refund Rs 24,000 cr

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sneha | 03-Apr-2013Reply | Forward

Sahara did shed the light on the point that they have repaid most of the outstanding liabilities, which was not coming into focus thanks to SEBI's malevolent act to malign Sahara's image and repute.