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The Economic Times

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Growpital case: Sebi to refund money directly to investors for first time

Securities and Exchange Board of India has ordered a refund for investors affected by Growpital's scheme. The refund will involve 192.88 crore raised from over five thousand investors through unregistered entities. Sebi will verify investor details with Cashfree Payments before issuing refunds proportionately. Investors will receive interest at a rate of 12% per annum from the date of the interim order.

1 Oct 2026 7:01 am