Sahara India: Ghost Investors?

Sahara’s breathtaking investor base

The Sahara group, in a battle with the Securities and Exchange Board of India (SEBI), continues to spew startling numbers with aplomb. According to media reports, the group has filed an affidavit which says Sahara India Real Estate Corporation, an unlisted realty company, raised Rs19,000 crore from 22 million investors through optionally fully convertible...

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