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Who Will Get Sahara's Rs 25,000 Crore Funds Lying In SEBI Account?
Sahara Group founder Subrata Roy's death last week brought to focus the undistributed funds of over Rs 25,000 crore lying with the share market regulator for more than a decade.
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Subrata Roy's Death Spotlights Rs 25,000 Crore Lying In SEBI Account
The undistributed funds totalling over Rs 25,000 crore lying with the capital markets regulator Sebi's account have come back into focus after the death of Sahara Group's chief Subrata Roy.
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Supreme Court Clears 5,000 Crores From SEBI-Sahara Fund To Repay Depositors
The Supreme Court on Wednesday allowed a plea by the Centre seeking allocation of Rs 5,000 crore out of Rs 24,000 crore deposited by the Sahara group with market regulator Sebi to repay dues of the depositors.
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Funds Worth Rs 24,000 Crore Lying Unused With SEBI: Sahara Group
Sahara Group has said it is unreasonable to ask it to deposit more money as funds worth Rs 24,000 crore are lying unutilised with SEBI for nine years
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Mauritius Fund Offers Over Rs 10,700 Crore Fund For Sahara's Aamby Valley
The investment offer, proposed as a debt arrangement, comes at a time when the Supreme Court has ordered auction of the Aamby Valley resort town between Mumbai and Pune in Maharashtra.
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Sahara Extends Bid Deadline For Its 30 Properties To May 20
The embattled Sahara group has extended the bidding deadline for sale of its 30 properties till May 20 as prospective buyers, which include Tatas, Godrej and Adani, have sought more time to complete due diligence.
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New Suitor Offers $1.3 Billion For Sahara's Overseas Hotels
Scurrying for funds, embattled Sahara group has got a USD 1.3 billion offer from a new suitor for its three prized overseas hotels including the Grosvenor House and Park Plaza.
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New Suitor Offers $1.3 Billion For Sahara's Overseas Hotels
Scurrying for funds, embattled Sahara group has got a $1.3 billion offer from a new suitor for its three prized overseas hotels including the Grosvenor House and Park Plaza.
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Auction For Sahara Land Parcels Begins
An e-auction began on Monday for sale of land parcels belonging to the beleaguered Sahara group for recovery of funds by the Securities and Exchange Board of India (Sebi), amid concerns that sluggish market conditions might make it hard to attract buyers.
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Sebi's Sahara Coffer Swells To Rs 11,727 Crore; Refunds At Rs 55 Crore
As it gears up to auction Sahara properties worth thousands of crores to recover further funds, the Securities and Exchange Board of India's Sahara Refund Account has swollen to Rs 11,727 crore with interest but it has been able to refund just about Rs 55 crore so far to the investors.
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Sahara Averts Foreclosure Auction of US Hotel Properties
Sahara Group has been making efforts to raise funds including through refinancing of loans on these two hotels as also on the historic Grosvenor House property in London, to ensure release of its chief Subrata Roy from jail. He has been lodged in New Delhi's Tihar Jail for over two years.
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Sahara to Take Back Loads of Documents From Sebi
As it scurries to garner funds to ensure release of its jailed chief Subrata Roy, the embattled Sahara group has begun another mammoth exercise of taking back loads of investor documents it had given to the Securities and Exchange Board of India (Sebi) in 128 trucks over three years ago.
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Sahara Mutual Fund's Registration Cancelled by Market Regulator
Sahara group has been engaged in a long-running regulatory and legal battle with Sebi ever since the regulator ordered refund of a massive amount of over Rs 24,000 crore by two Sahara entities. Recently, Sebi had also cancelled the Portfolio Management licence of a Sahara firm.
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Sahara Gets Final Chance to Raise Funds Against Properties
If Sahara fails to raise the cash, the top court warned "it will be left with no option but to appoint a receiver for selling your properties".
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Sahara Given Last Chance to Raise Funds Against Properties
The court will appoint a receiver and auction the conglomerate's properties if it fails to submit a proposal to raise the funds, said a lawyer for the market regulator, which is seeking redress for millions of investors.
-
Who Will Get Sahara's Rs 25,000 Crore Funds Lying In SEBI Account?
Sahara Group founder Subrata Roy's death last week brought to focus the undistributed funds of over Rs 25,000 crore lying with the share market regulator for more than a decade.
-
Subrata Roy's Death Spotlights Rs 25,000 Crore Lying In SEBI Account
The undistributed funds totalling over Rs 25,000 crore lying with the capital markets regulator Sebi's account have come back into focus after the death of Sahara Group's chief Subrata Roy.
-
Supreme Court Clears 5,000 Crores From SEBI-Sahara Fund To Repay Depositors
The Supreme Court on Wednesday allowed a plea by the Centre seeking allocation of Rs 5,000 crore out of Rs 24,000 crore deposited by the Sahara group with market regulator Sebi to repay dues of the depositors.
-
Funds Worth Rs 24,000 Crore Lying Unused With SEBI: Sahara Group
Sahara Group has said it is unreasonable to ask it to deposit more money as funds worth Rs 24,000 crore are lying unutilised with SEBI for nine years
-
Mauritius Fund Offers Over Rs 10,700 Crore Fund For Sahara's Aamby Valley
The investment offer, proposed as a debt arrangement, comes at a time when the Supreme Court has ordered auction of the Aamby Valley resort town between Mumbai and Pune in Maharashtra.
-
Sahara Extends Bid Deadline For Its 30 Properties To May 20
The embattled Sahara group has extended the bidding deadline for sale of its 30 properties till May 20 as prospective buyers, which include Tatas, Godrej and Adani, have sought more time to complete due diligence.
-
New Suitor Offers $1.3 Billion For Sahara's Overseas Hotels
Scurrying for funds, embattled Sahara group has got a USD 1.3 billion offer from a new suitor for its three prized overseas hotels including the Grosvenor House and Park Plaza.
-
New Suitor Offers $1.3 Billion For Sahara's Overseas Hotels
Scurrying for funds, embattled Sahara group has got a $1.3 billion offer from a new suitor for its three prized overseas hotels including the Grosvenor House and Park Plaza.
-
Auction For Sahara Land Parcels Begins
An e-auction began on Monday for sale of land parcels belonging to the beleaguered Sahara group for recovery of funds by the Securities and Exchange Board of India (Sebi), amid concerns that sluggish market conditions might make it hard to attract buyers.
-
Sebi's Sahara Coffer Swells To Rs 11,727 Crore; Refunds At Rs 55 Crore
As it gears up to auction Sahara properties worth thousands of crores to recover further funds, the Securities and Exchange Board of India's Sahara Refund Account has swollen to Rs 11,727 crore with interest but it has been able to refund just about Rs 55 crore so far to the investors.
-
Sahara Averts Foreclosure Auction of US Hotel Properties
Sahara Group has been making efforts to raise funds including through refinancing of loans on these two hotels as also on the historic Grosvenor House property in London, to ensure release of its chief Subrata Roy from jail. He has been lodged in New Delhi's Tihar Jail for over two years.
-
Sahara to Take Back Loads of Documents From Sebi
As it scurries to garner funds to ensure release of its jailed chief Subrata Roy, the embattled Sahara group has begun another mammoth exercise of taking back loads of investor documents it had given to the Securities and Exchange Board of India (Sebi) in 128 trucks over three years ago.
-
Sahara Mutual Fund's Registration Cancelled by Market Regulator
Sahara group has been engaged in a long-running regulatory and legal battle with Sebi ever since the regulator ordered refund of a massive amount of over Rs 24,000 crore by two Sahara entities. Recently, Sebi had also cancelled the Portfolio Management licence of a Sahara firm.
-
Sahara Gets Final Chance to Raise Funds Against Properties
If Sahara fails to raise the cash, the top court warned "it will be left with no option but to appoint a receiver for selling your properties".
-
Sahara Given Last Chance to Raise Funds Against Properties
The court will appoint a receiver and auction the conglomerate's properties if it fails to submit a proposal to raise the funds, said a lawyer for the market regulator, which is seeking redress for millions of investors.
