Sahara Housing Investment Corporation

Sahara gets 2 months time to refund Rs 24,000 cr to investors

The apex court has directed Sahara to pay back Rs 24,000 crore with 15 percent interest to over three crore investors in its two companies.

Dec 05, 2012, 08:46 AM IST

Will refund Rs 24,000 crore to investors in 3 months: Sahara to SC

Sahara Group on Friday assured the Supreme Court that its two companies which had raised Rs 24,000 crore through Optionally Fully Convertible Debentures (OFCDs) from their investors will refund the amount within three months.

Sep 28, 2012, 14:33 PM IST