SEBI orders Sahara to refund investors; Bars Subrata Roy from securities market

SEBI orders Sahara to refund investors; Bars Subrata Roy from securities market

In a significant order, the Securities and Exchange Board of India (SEBI) has directed two Sahara group companies, their directors Vandana Bhargava, Ravi Shankar Dubey and Ashok Roy Choudhary and promoter Subrata Roy to refund Rs. 4,843 crore to the investors who had invested in their Optionally Fully Convertible Debentures (OFCDs) with annual interest of 15 percent.

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