Statement of Mr. Abhijet Sarckar, Head - Corporate Communications, Sahara India Pariwar -
"Sahara India Investment Corporation Limited (A NON DEPOSIT TAKING Non Banking Finance Company) has voluntarily surrendered the license to act as a NBFC. The Management has decided to carry out real estate business in the said Company.
The above Company is distinct from Sahara India Financial Corporation Limited, which is a Residuary Non Banking Company involved in the business of Para Banking that is deposit mobilisation.
This statement is issued for the reason that some news channels out of confusion have wrongly and baselessly circulated a news about our Parabanking activity. "
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