Give details to Sebi, HC tells Sahara

Two entities of Sahara Group — Sahara India Real Estate Corporation Limited and Sahara Housing Investment Corporation Limited — were raising money from investors through Optionally Fully Convertible Debentures.  Sebi had asked the Sahara group to share investors’ details, a direction which was initially opposed by Sahara. Sahara had filed petition in the Allahabad High Court and got stay on Sebi’s directive. Sebi then moved the Supreme Court which allowed it “to call for information which it deems fit including names of the investors.”