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News Brief | February 2013

Sebi order seeks to attach realty projects of Sahara

The recent order by the Securities and Exchange Board of India (Sebi) against the Sahara group of companies seeks to attach several real estate projects of the latter. The market regulator recently passed an order based on an affidavit filed on behalf of Sahara India Real Estate Corporation and Sahara Housing Investment Corporation to the Supreme Court where they had given details of the investment made from the monies generated through debentures.

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