SEBI orders winding-up of Growpital farmland scheme
In short
SEBI has ordered the winding-up of Growpital’s farmland investment scheme. The summary says the unauthorised scheme raised ₹192.88 crore from 5,208 investors and that refunds must be made with 12% interest.
This matters for the investors who put money into the scheme. The reporting does not say how fast refunds will happen or whether all money will be recovered.
What the reporting says
SEBI ordered the winding-up of Growpital’s farmland investment scheme after finding that an unauthorised collective investment scheme raised ₹192.88 crore from 5,208 investors. The publisher-supplied summary says the regulator also directed refunds with 12% interest. The immediate consequence is a refund and closure process; the reporting does not state what recovery timeline or investor distribution plan will be used.
Why it matters
SEBI’s winding-up order targets Growpital’s farmland investment scheme after a summary said the unauthorised CIS raised ₹192.88 crore from 5,208 investors. The action directly affects investors, who are to be refunded with 12% interest. The reporting does not state the refund timeline, how assets will be sold, or whether the full amount will be recovered.