Supreme Court Orders Sahara ₹24,000 Crore Repayment

• Supreme Court directs Sahara India Real Estate Corp Ltd and Sahara Housing Invest Corp Ltd to refund ₹24,000 crore to SEBI.
• SEBI is ordered to facilitate the refund process to genuine investors who subscribed to the optionally fully convertible debentures.
• The court mandates the refund to be completed with 15% annual interest from the date of receipt of each subscription.
• Sahara Group entities were found to have raised funds through OFCDs without complying with SEBI regulations and public issue norms.