| | |
INDIA-SAHARA-APPEAL:Supreme Court rejects Sahara's review plea
NEW DELHI (Reuters) - The Supreme Court of India has rejected an appeal by the Sahara conglomerate seeking a review of the court's order last year to repay billions of dollars it raised from small investors by selling outlawed bonds, according to an order posted on the court's website.
A spokesman for Sahara, one of India's biggest business groups and a household name through its sponsorship of the national cricket team, was not immediately available for a comment.
(Also read: Sahara - massive, splashy ... and mysterious, click http://in.reuters.com/article/idINDEE88S00O20120929)
(Reporting by Devidutta Tripathy; Editing by Mark Potter)
ADS BY GOOGLE
video of the day
Liquidity strong, but rally marred by quality: Dimensions