Embattled Sahara group has said it is confident of getting out of long-running financial constraints by the next fiscal and will regain a key position as an Indian conglomerate by entering several new businesses. Sahara has been locked in a prolonged legal battle with capital markets regulator Sebi for allegedly breaching norms in raising nearly Rs 25,000 crore through certain bonds. The Subrata Roy-led group was later asked by the Supreme Court to deposit the funds with Sebi for refund to investors, even as it maintains to have already refunded majority of the bondholders.
China’s sudden stock rally sucks money from India, other Asian markets
Read More
