Sebi order on refunds
With the objective of monetising commercial assets in the next fiscal year, DLF, one of India’s largest realty companies has announced its plans of launching Real Estate Investment Trusts (REIT) s. It is also reportedly looking for global players to enter into partnership. By the coming year, DLF India plans to launch another sizeable REIT [...] Continue Reading »
There might be some good news for Subrata Roy and the Sahara group tomorrow when the SC verdict will be pronounced. The Supreme Court (SC) is speculating the situation and considering the plea of jailed Sahara Group chief Subrata Roy who is seeking a modification of an earlier order. The SC had asked him to [...] Continue Reading »
Market regulator SEBI on June 23 had directed two Sahara group companies — Sahara India Real Estate Corp (SIRECL) and Sahara Housing Investment Corp (SHICL) — to refund the money raised from investors through optionally fully convertible debentures (OFCDs) with an annual interest of 15 per cent from the date of receipt of money. Sahara [...] Continue Reading »
