Sahara Group close to $2 billion deal with Mirach Capital
Looking to garner funds to secure bail for its Chairman Subrata Roy, Sahara Group is in advanced stages of tying up a financial package worth nearly USD 2 billion (over Rs 12,000 crore) from US-based Mirach Capital Group.
Jan 20, 2015, 18:49 PM IST
Investment vehicle eyes flagship Sahara hotels in $2 bn bailout for Subrata Roy
An investment vehicle expects to ultimately take control of landmark hotel assets like New York`s Plaza after the conglomerate fails to repay lenders.
Jan 20, 2015, 15:20 PM IST
Land deal: M3M pays Rs 300-cr installment to Sahara group
Realty firm M3M India today said it has paid Rs 300 crore as installment to Sahara group as part of the deal to buy 185 acres of land in Gurgaon for Rs 1,211 crore.
Jan 13, 2015, 21:17 PM IST
Sahara chief Subrata Roy back in special facility at Tihar
Jailed chief of Sahara conglomerate Subrata Roy has once again been provided with an AC conference room with services like internet and video-conferencing at the Tihar prison as per a Supreme court order to complete negotiations for raising funds for his bail.
Jan 13, 2015, 17:04 PM IST
Sahara says money deposited with Sebi about Rs 11,500 cr now
As its legal battle with Sebi continues over refund of money to investors, Sahara group Friday said the money deposited with the regulator has grown to about Rs 11,500 crore after including bank interest.
Jan 09, 2015, 20:01 PM IST
SC nod to Sahara to proceed with foreign loan transactions
The Supreme Court on Friday allowed Sahara Group to go ahead with its proposed transactions for a loan of around US dollar 1,050 million from abroad for raising Rs 10,000 crores to ensure release of Subrata Roy from jail.
Jan 09, 2015, 19:53 PM IST
Supreme Court allows Sahara to raise loans from abroad
The Supreme Court on Friday allowed Sahara Group to go ahead with its proposed loan transaction from abroad for raising funds to ensure release of Subrata Roy from jail.
Jan 09, 2015, 17:24 PM IST
Coal, telecom, mining giants bite dust in SC in 2014
Corporate legal cases kept India Inc on its toes in 2014 as high stake matters on coal, telecom and mining came up in the Supreme Court which also sent Sahara Group chief Subrata Roy to jail.
Jan 01, 2015, 10:52 AM IST
Money from abroad to Sahara group only after RBI accord: SC
The Supreme Court Wednesday said that the money likely to be arranged by Sahara Group from overseas to raise Rs 10,000 crore for the release of its jailed chief Subrato Roy would come into the country only after necessary clearances by RBI.
Dec 17, 2014, 19:17 PM IST
SEBI makes fresh bid to find Sahara investors
In a fresh effort to locate Sahara investors eligible for refunds, regulator SEBI has asked bondholders to submit their claims by next month along with necessary proof of their investments.
Dec 17, 2014, 18:02 PM IST
Subrata Roy to spend new year in Jail as court defers verdict till Jan 9
Sahara Chairman Subrata Roy has been held in a New Delhi jail for more than nine months now.
Dec 17, 2014, 16:24 PM IST
Sahara awaits court verdict that may give jailed chief Roy freedom
Embattled conglomerate Sahara is readying for a court verdict on Wednesday that will determine if it can take on a new loan and refinance debt on its overseas hotels, including the Plaza in New York, to secure the release of its jailed chief.
Dec 17, 2014, 13:35 PM IST
Sahara to sell Mumbai, Jodhpur land parcels for Rs 1,251 cr
Besides, talks are in final stages for sale of another land parcel by Sahara group in Pune, sources said.
Dec 07, 2014, 12:07 PM IST
Sahara group sells Gurgaon land to M3M India for Rs 1,211 cr
The 185-acre land in Gurgaon, with 12 million square feet built-up area, would be used for 'mix-use development' and has sales revenue potential of Rs 12,000 crore.
Dec 04, 2014, 13:18 PM IST
Sahara sells Rs 1,211 crore land in Gurgaon to realty firm M3M
Sahara Group has sold 185 acres of land in Gurgaon to the realty firm M3M India Ltd for Rs 1,211 crore.
Dec 04, 2014, 13:05 PM IST
Sahara likely to sell Rs 1,200 cr land to realty co M3M
Sahara group is believed to be selling a large land parcel for over Rs 1,200 crore in the outskirts of the national capital to Gurgaon-based realty firm M3M India Ltd.
Dec 03, 2014, 23:54 PM IST
SC permits Sahara to sell 4 properties worth over Rs 2700 cr
The Supreme Court Tuesday permitted the Sahara Group to proceed with the sale of four domestic properties, which is likely to fetch Rs 2,710 crore, in its bid to raise Rs 10,000 crore for the release of its jailed chief Subrato Roy.
Dec 02, 2014, 20:51 PM IST
SC permits Sahara Group to sell 4 properties worth Rs 2710 cr
The Supreme Court on Tuesday permited Sahara Group to sell four domestic properties that will help the Subrata Roy-led company raised Rs 2710 crore.
Dec 02, 2014, 17:56 PM IST
Sahara's fresh plea in SC for Subrato Roy's release
Sahara Group on Friday came out another plea for the release of its jailed chief Subrato Roy before the Supreme Court which asked those involved in the negotiation processes for sale of its three offshore hotels to prove their bona fide in raising the money to get him out.
Nov 28, 2014, 21:02 PM IST
Sahara offers to pay Rs 10,000 crore as bail condition set by SC
The SC also asked Sahara as to why it has not paid the amount till date despite the fact that close to Rs 140 crore has been obtained by the group.
Nov 28, 2014, 16:30 PM IST
