Sahara India Group: Rs1.12 Lakh Crore of 129.6mn Investors Remains 'Stuck', Says Govt

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published Published on Aug 4, 2022   modified Modified on Aug 5, 2022

-MoneyLife.in

Nearly 130mn (million) investors have investments of over Rs1.12 lakh crore 'stuck' in six companies of the Sahara group. Market regulator Securities and Exchange Board of India (SEBI) has been facilitating the repayment of principal and interest to the investors who invested in optionally fully convertible debentures (OFCDs) of Sahara India Real Estate Corporation Ltd (SIRECL) and Sahara Housing Investment Corporation Ltd (SHICL), the Union government told the Lok Sabha.
 
In a written reply, Pankaj Chaudhary, minister of state for finance, shared details of investments in six companies of the Subrata Roy-led Sahara group. Other companies besides SIRECL and SHICL, are Sahara Credit Cooperative Society Ltd, Humara India Credit Cooperative Society Ltd, Saharayn Universal Multipurpose Society Ltd and Stars Multipurpose Cooperative Society Ltd.

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MoneyLife.in, 4 August, 2022, https://www.moneylife.in/article/sahara-india-group-rs112-lakh-crore-of-1296mn-investors-remains-stuck-says-govt/67977.html?fbclid=IwAR1LbuqyTEbqnH0Lcf5u3F8DnWr0wZoJbWYb-7OpFjseGA_nPU3AfAA_RgI


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