Negative impactCompany
Growpital case: Sebi to refund money directly to investors for first time
Economic Times 1 hr ago·1 Oct 2026, 1:31 am
Sebi has ordered a direct refund of ₹192.88 crore to investors who lost money in the Growpital scheme. This is a significant step as the regulator will verify investor details directly with fintech firm Cashfree Payments before releasing funds. The refunds will be proportionate, meaning investors will receive money based on their original investment. Additionally, investors will earn interest at a rate of 12% per annum from the date of the interim order.
This move is important for retail investors as it streamlines the recovery process and reduces the administrative burden on them. It also sets a precedent for handling funds raised through unregistered entities. For now, investors should wait for the refund process to be completed. They should also keep an eye on any further announcements from Sebi regarding the case.
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