Money stuck in Sahara India will be available soon, the government gave information in Lok Sabha

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Highlights

  • Rs 15,503.69 crore deposited in ‘SEBI-Sahara Refund’ account
  • A total of 19,644 applications have been received for refund till date.
  • SEBI refunds Rs 138.07 crore to investors

new Delhi. There is good news for Sahara India investors. If you or any family member’s money is stuck in any scheme of Sahara India, then it can be found soon. The Central Government has given this information in the Lok Sabha. In reply to a question in the Lok Sabha, Minister of State for Finance Pankaj Choudhary said on Monday that Sahara India Real Estate Corporation Limited has collected Rs.19400.87 crore from 232.85 lakh investors and Rs.6380.50 crore by Sahara Housing Investment Corporation Ltd. from 75.14 lakh investors. On the other hand, capital markets regulator SEBI has so far been able to refund only Rs 138.07 crore including interest.

When will the money be returned to the investors

Responding to the question of when the investors of Sahara India will get their money back, Minister of State for Finance Bhane said that the Securities and Exchange Board of India has issued orders related to two special Sahara companies named Sahara India Real Estate Corporation Limited and Sahara Housing Investment Corporation Limited. have done. On the other hand, Rs 15,503.69 crore has been deposited in ‘SEBI-Sahara Refund’ account till December 31, 2021. In such a situation, the money will be refunded on receipt of the application for refund.

A total of 19,644 applications have been received so far

The Minister of State for Finance said that SEBI has received 19,644 applications for a total principal amount of Rs 81.70 crore. Of these, SEBI has refunded 48,326 original bond certificates/passbooks to 17,526 eligible bondholders totaling Rs 138.07 crore.



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