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    Optionally Fully Convertible Debentures

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    • Reveal source of Rs 20,000 cr refund, SC tells Sahara

      Not only did the court today refuse to permit Subrata Roy Sahara from traveling abroad, it also directed him and his group of companies to explain how they managed to refund Rs 20,000 crore to Optionally Fully Convertible Debentures (OFCD) investors and what was the source of the fund.

    • Sahara seeks review of SC verdict on refunding Rs 24k crore

      The Sahara group today moved the Supreme Court seeking review of the verdict ordering it to refund Rs 24,000 crore, raised from investors through Optionally Fully Convertible Debentures (OFCDs).

    • OFCD tussle: Sahara admits to raising Rs 19000cr

      In the SEBI-Sahara Optionally Fully Convertible Debentures (OFCD) tussle, Sahara admits to raising Rs 19,000 crore from over 1.21 crore investors. The MCA says, "Companies Act not in conflict of the SEBI Act. It only administers the section under it", reports CNBC-TV18's Tanvi Shukla.

    • Sahara slammed: Repay bond holders, says SEBI

      Woes of Sahara-owned companies appear to be multiplying. The Securities and Exchange Board of India (SEBI) has asked Sahara companies to refund money raised via optionally fully convertible debentures (OFCDs).

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