Why ‘Sahara Shri’ is in the spot that he is today
How did SEBI vs Sahara begin?
Sahara Prime City proposed an IPO in ’08; two sister firms, SIRECL and SHICL, caught SEBI’s eye. They had issued OFCDs worth Rs 24,000 cr. In Nov ’10, SEBI demanded details of its ‘three crore subscribers’.