Undistributed Funds with Sebi in Spotlight Following Sahara Group Chief’s Demise
Undistributed funds amounting to over Rs 25,000 crore have come into focus after the passing of Subrata Roy, the Chief of Sahara Group. Roy, aged 75, succumbed to a prolonged illness in Mumbai, drawing attention to financial matters. The Securities and Exchange Board of India (Sebi) is currently in possession of these funds, which have now become a subject of discussion.
The demise of Roy has shed light on the ongoing issues surrounding the Sahara Group and its financial obligations. #Sebi, #SaharaGroup, #FinancialNews, and #SaharaIndia are among the hashtags associated with this development.
Gurmeet Sohi, @_DesiEconomist, shared this news on Twitter along with a link to an image providing further details.
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Source : @_DesiEconomist
Undistributed funds exceeding Rs 25,000 crore with Sebi are in the spotlight post the passing of Sahara Group’s Chief, Subrata Roy. His demise in Mumbai at 75 after a prolonged illness has brought attention to financial matters. #Sebi #SaharaGroup #FinancialNews #SaharaIndia pic.twitter.com/psgr8LmAB8
— Gurmeet Sohi (@_DesiEconomist) November 15, 2023