The embattled Sahara conglomerate is looking to bring equity and debt investment into its businesses as an ongoing dispute with the Securities and Exchange Board of India (SEBI) has set back its growth.
Unlisted Sahara, a household name in India through its sponsorship of the national cricket team, has been ordered by the Supreme Court to repay billions of dollars it raised from millions of small investors in outlawed bonds.
Sahara says it has paid back most investors and its total liability is less than the 51.2 billion rupees it has deposited with the regulator.
"Out of turn, when you have to make payments, it affects the cashflow," Sahara chief Subrata Roy said in an interview at the sprawling gated complex where he lives and works in the capital of Uttar Pradesh, India's most populous state.
Text and Images: Reuters