The Securities Appellate Tribunal (SAT) has directed One Life Capital Advisors Ltd to make a fresh application with the market regulator Sebi by May 10 seeking its approval to buy Sahara Asset Management Company.
"We direct One Life Capital Advisors to make a fresh application on or before May 10, 2018, seeking approval of Sebi for being the sponsor by purchasing 100 per cent equity capital of Sahara Asset Management Company," the tribunal said in an order dated May 3.
