Karvy, CAMS shows interest in verifying Sahara investors
New Delhi- Interest was evinced by four entities -Karvy, CAMS, NSDL and CDSL regarding the genuineness of about three crore investors in the Sahara case bidding for the job.
This was done on behalf of market regulator Sebi (Securities and Exchange Board of India).
A process to select an In-Person Verification (IPV) agency to conduct a face to face verification amongst the three crore bondholders of two Sahara group firms is carried out by the Sebi along with a check on their identity and address proofs. Sebi was requested to facilitate refund of about Rs 24,000 crore with 15 percent annual interest for the ascertaining of the investors genuineness by the Supreme Court.
A bid submission deadline regarding the selection of the IPV agency till December 21 was extended by the Sebi along with a pre-bid meeting with the market regulator and interested parties.
Read more real estate stories
Properties likely to appreciate by 91-145% in 5 yrs
CAMS, In-Person Verification (IPV), Interest rates, Karvy, market regulator, market regulator Sebi (Securities and Exchange Board of India)., New Delhi, NSDL and CDSL, Sahara case bidding, Sahara Group, SEBI, Securities and Exchange Board of India
