Home»Money»News» Sahara Case: SEBI Orders Accounts Freezing, Assets Attachment

SEBI acting on 'old facts', says Sahara; shares jump 19%!

  • Dailybhaskar.com
  • Feb 15, 2013, 11:55 AM IST
SEBI acting on 'old facts', says Sahara; shares jump 19%!
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New Delhi: Subrata Roy's Sahara Housing Fina Corporation and Sahara One Media & Entertainment shares yesterday staged a smart recovery to end with gains after falling sharply in morning session on Sebi ordering accounts freezing and asset attachment in the Sahara investor refund case.
 
Sahara Housing Fina, which saw a steep fall of over 19 per cent during the day, recouped the losses and ended 0.18 per cent higher at Rs 54.50 on the BSE.
 
Sahara One Media & Entertainment rose by 4.99 per cent to settle at Rs 90.55. Intra-day, the scrip had tanked nearly 5 per cent to Rs 82.10 -- also its 52-week low.

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    SEBI acting on 'old facts', says Sahara; shares jump 19%!
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    Vijay Mallya
    Vijay Mallya
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    SEBI acting on 'old facts', says Sahara; shares jump 19%!
Two of India's most prominent businessmen-- Sahara Group chief Subrata Roy and Kingfisher Airlines owner Vijay Mallya-- are in for some troubled times.
 
SEBI yesterday asked banks to freeze the assets and bank accounts of two Sahara group companies, saying they had failed to heed a Supreme Court order to repay investors in a case involving more than Rs 24,000 crore.
 
Meanwhile, Vijay Mallya stands the risk of losing ownership of a range of possessions and assets including his Goa-located villa and the Kingfisher brand.

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