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    Sahara India: Money stuck in Sahara India can be claimed in this way, till now so many investors have got refund

    Shehnaz AliBy Updated:No Comments4 Mins Read
    New Delhi: Investors from all over the country have invested a lot of money in Sahara India. Even now people have not been able to get back even their principal amount, let alone interest. Investors are forced to run around to get their money back. There was a time when Sahara used to be one of the biggest companies in the country. Sahara India used to run many schemes. Sahara had spread to real estate, finance, infrastructure, media, entertainment, health care, hospitality, real estate, retail, information technology. Sahara India used to sting in all these sectors. Sahara, through its real estate company and Housing Investment Corporation, has acquired, developed and launched a number of housing projects across the country on a large scale. Apart from Lucknow, Sahara India had started housing schemes in Kanpur, Gorakhpur, Hyderabad, Bhopal, Kochi, Gurgaon and Pune etc. Once upon a time crores of people of the country had invested in Sahara India, which was one of the biggest companies of the country. If your money is also stuck in Sahara India then how can you claim it. At the same time, how many investors have got refund. Let us tell you.

    Sahara India: Why is Sahara unable to return people’s money? where is the screw stuck

    Know what is Sahara scam

    Sahara India was started in the year 1978. Talking about Sahara scam, it is related to two companies of Sahara Group. These companies are Sahara India Real Estate Corporation Limited (SIRECL) and Sahara Housing Investment Corporation Limited (SHICL). The bad days of Sahara Group began when Sahara Prime City, a subsidiary of Sahara, filed its Application for IPO (DRHP) with SEBI on 30 September 2009. Explain that DRHP contains all the necessary information related to the company. When SEBI scrutinized this DRHP, it found several irregularities. SEBI received two complaints on 25 December 2009 and 4 January 2010 to SEBI. It was told that Sahara’s companies are raising money in a wrong way. After this, SEBI started investigating these two companies of Sahara. When SEBI probed both the companies, it was found that Sahara India Real Estate Corporation Limited (SIRECL) and Sahara Housing Investment Corporation Limited (SHICL) raised Rs 24,000 crore through OFCD from around 2.5 crore investors.

    Till now so many investors have got refund

    The money of lakhs of investors across the country is stuck in Sahara India. According to media reports, Sahara India Real Estate Corporation Limited (SIRECL) had collected Rs 19400.87 crore from 232.85 lakh investors and Sahara Housing Investment Corporation Limited had collected Rs 6380.50 crore from 75.14 lakh investors. But SEBI has been able to return only a total of Rs 138.07 crore including interest to the investors of Sahara. Sahara says that it wants to return the investors’ money but the market regulator SEBI (SEBI) has kept this money with it. In such a situation, a large number of investors’ money is still stuck.

    Sahara India Refund Status: When will the investors of Sahara India get refund? Know till when the good news can be received

    How to claim for refund

    If your money is also stuck in Sahara India, then to get it back you will have to take the help of SEBI or Consumer Helpline. You don’t need to go anywhere for this. You can file a complaint even sitting at home. According to media reports, for help from SEBI, you have to call its toll free number 18002667575 or 1800227575. You can call on these numbers between 9 am to 6 pm.

    Source: navbharattimes.indiatimes.com

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    Shehnaz is a Corporate Communications Expert by profession and writer by Passion. She has experience of many years in the same. Her educational background in Mass communication has given her a broad base from which to approach many topics. She enjoys writing about Public relations, Corporate communications, travel, entrepreneurship, insurance, and finance among others.

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