Sebi sets Sept 30 deadline to apply for Sahara refund
Latest exercise follows two similar attempts made by Sebi in the past
While Sahara maintains it has already repaid more than 93 per cent of the outstanding dues directly to the concerned bondholders and the remaining amount was just about Rs 2,500 crore (Rs 25 billion), it deposited Rs 5,120 crore (Rs 51.2 billion) to Sebi in December 2012 towards the investor refunds as per Supreme Court orders.
Sebi says it will directly transfer the refund money to the bank accounts of genuine investors.
