👥 HR & Workplace🇮🇳 India
SEBI Takes Sahara Case to Supreme Court, Fighting Relief Given to Fund Managers
mint - companies·Monday, 15 June 2026
SEBI has moved the Supreme Court against relief granted to managers of a Sahara Group entity in a case involving optionally fully convertible debentures (OFCDs). The tribunal found that the company raised around ₹14,106 crore from nearly 1.98 crore investors through these instruments.
Why It Matters
Nearly 2 crore ordinary investors were involved in this case. SEBI going to the Supreme Court shows the regulator is pushing hard to protect investor interests against relief granted to fund managers.
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