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The transfer of unclaimed cash from the Sahara-Sebi Refund Account to the Consolidated Fund of India is being investigated by the government, with the intention of compensating investors who later file claims. ....
The Supreme Court, in 2012, upheld an order by the Securities and Exchange Board of India (Sebi), and directed group entities Sahara India Real Estate Corp and Sahara Housing Investment Corp to refund investors, with interest, depositing the funds with the capital markets regulator. ....
The government may transfer more than Rs 25,000 crore of unclaimed Sahara funds to India s Consolidated Fund. While this sum might marginally impact government borrowing and alleviate market concerns, the surge in bond supply, driven by increased government spending, continues to affect yields, influencing corporate borrowing costs and the broader economy. ....
Subrata Roy s death puts the spotlight on the litigation surrounding the Sahara group and the ₹25,000 crore with the capital markets regulator for distribution to investors. ....