https://en.bharatpedia.org/w/index.php?action=history&feed=atom&title=Sai_Prasad_CorporationSai Prasad Corporation - Revision history2026-11-04T00:38:48ZRevision history for this page on the wikiMediaWiki 1.43.6https://en.bharatpedia.org/w/index.php?title=Sai_Prasad_Corporation&diff=531890&oldid=prevVictor6053: added a data nd citations2025-07-17T06:40:25Z<p>added a data nd citations</p>
<p><b>New page</b></p><div>{{About| Sai Prasad Corporation Ltd ||Prasad Studios|Prasad Studios|And (disambiguation){{!}}And|Prasad_(disambiguation)}}<br />
{{Orphan|date=September 2018}}<br />
{{Use dmy dates|date=January 2023}}<br />
{{Use Indian English|date=January 2023}}<br />
{{more citations needed|date=July 2013}}<br />
{{Infobox company<br />
| name = Sai Prasad Corporation Ltd<br />
| logo = <br />
| type = [[Public company|Public]]<br />
| industry = [[Real estate development]], [[Construction]], [[Food]], [[Energy]], [[Mass media|Media]]<br />
| location_city = [[Pune]], [[India]]<br />
| key_people = Balasaheb Bhapkar ([[Chairman]])<br/>[[Shashank Bhapkar]] (MD)<br />
| homepage = {{URL|https://www.saiprasadgroup.com/}}<br />
}}<br />
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'''Sai Prasad Corporation Ltd '''. (SPCL), is an Indian [[real estate]] developer headquartered in [[Pune]].<ref>{{cite news |url= http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapid=114824250 |archive-url= https://archive.today/20130724134448/http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapid=114824250 |archive-date= 24 July 2013 |title=Company Overview of SAI Prasad Group |publisher=businessweek |url-status=dead |accessdate=2013-07-24}}</ref><br />
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==Investigations==<br />
In 2011, the [[Ministry of Corporate Affairs]] began investigating Sai Prasad Group for "alleged financial irregularities", according to [[Business Standard]].<ref name=busstand2013>{{cite news|last=Subramanian|first=M Sundaresha|title=Sai Prasad Group's activities under multi-agency probe|url=http://www.business-standard.com/article/markets/sai-prasad-group-s-activities-under-multi-agency-probe-113012500058_1.html|accessdate=26 August 2013|newspaper=Business Standard|date=25 January 2013}}</ref> In 2013, the investigation extended to the [[Securities and Exchange Board of India]] (SEBI), the [[Reserve Bank of India]], and the economic offenses department of the police department in [[Goa]]. The company is alleged to have raised money for various businesses in an unauthorized manner.<ref name = busstand2013/> In July 2013, the SEBI ordered Sai Prasad Group to stop collecting money from the public, start any new business projects, or get rid of any assets. The company also charged Ram Oberoie and family with pocketing public funds worth 3550 crores.<ref>{{cite news|title=SEBI bars Sai Prasad Group cos, promoters from collecting money|url=http://www.thehindubusinessline.com/markets/stock-markets/sebi-bars-sai-prasad-group-cos-promoters-from-collecting-money/article4928484.ece|accessdate=26 August 2013|newspaper=[[Business Line]]|date=18 July 2013}}</ref> Sebi orders attachment of bank, [[Demat account|demat a/cs]] of Sai Prasad Corp.<ref>{{Cite news|date=2016-08-26|title=Sebi orders attachment of bank, demat a/cs of Sai Prasad Corp|work=[[Business Standard India]]|url=https://www.business-standard.com/article/markets/sebi-orders-attachment-of-bank-demat-a-cs-of-sai-prasad-corp-116082601080_1.html|access-date=2021-08-17}}</ref><ref>{{Cite web|date=19 January 2018|title=Refund ₹615 cr in 3 months, SEBI orders Sai Prasad Corp|url=https://www.thehindubusinessline.com/markets/stock-markets/refund-615-cr-in-3-months-sebi-orders-sai-prasad-corp/article8189217.ece|access-date=2021-08-21|website=[[Business Line]]|language=en}}</ref><br />
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In October 2019, SEBI announced to auction around 200 properties of the group and three of its directories next month so as to recover funds worth thousands of crores raised by the group via illicit collective investment schemes.<ref>{{Cite news |date=2019-10-18 |title=Sebi to auction Sai Prasad Group's 200 properties next month |url=https://economictimes.indiatimes.com/markets/stocks/news/sebi-to-auction-sai-prasad-groups-200-properties-next-month/articleshow/71647564.cms |access-date=2021-08-21 |work=[[The Economic Times]]}}</ref> <br />
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==References==<br />
{{Reflist}}<br />
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[[Category:Real estate companies of India]]<br />
[[Category:Companies based in Pune]]</div>Victor6053