Sahara Group
SC tells Sahara to reveal source of Rs18,000 cr refunded to investors
02 Sep 2016
The apex court, said it is difficult to believe that so much money could be repaid by Sahara in so short a time
Sahara spurns $1.3 bn offer for London, New York hotels
28 Jul 2016
According to Sahara, the offer from a group led by 3Associates was an attempt to ruin the market and disturb existing bidders at a market value that was ‘much higher’; but the bidders insisted the offer was ‘very compelling’
SC allows Sahara to sell 3 hotels, extends Subrata Roy's parole
11 Jul 2016
The apex court, while modifying its earlier order and permitting Sahara to sell its assets, said the proceeds from such transaction after deducting expanses and tax at source should be deposited with the Sebi
Sebi to sell 4,700 acres of Sahara land, raise Rs6,500 cr
30 May 2016
The properties that Sebi proposes to sell are spread across 14 states and consist of 60 different land parcels against Sahara’s total holdings of 33,633 acres
Sahara group submits details of all properties
13 May 2016
SC extends Subrata Roy’s parole till 11 July
12 May 2016
In a breather to Sahara chief Subrata Roy, the Supreme Court on Wednesday extended his parole till 11 July
SC seeks details of Sahara’s properties, may grant bail to Roy
28 Apr 2016
The apex court’s observation brings some hope for Sahara chief Subrata Roy, who has been languishing in Tihar since March 2014
Sebi gets Supreme Court nod for sale of Sahara group’s assets
29 Mar 2016
The money raised from the asset sales will also cover money needed to secure chairman Subrata Roy's release from jail
Subrata Roy’s Plaza Hotel to be auctioned for mortgage defaults
By By Ravi Kunder | 17 Mar 2016
The five-star hotel off Central Park is majority owned by Subrata Roy’s Sahara India Pariwar, which defaulted on the mortgage payments By Ravi Kunder
Sahara seeks SC nod to sell hotels, 42% stake in F1 and 4 aircraft for Subrata Roy's release
03 Feb 2016
Sebi seeks vendor to store mammoth Sahara database
23 Nov 2015
Securities and Exchange Board of India is looking for a server hosting vendor for the mammoth task of providing electronic data storage and web access services for a database of 200 million scanned pages in the high-profile Sahara case
Supreme Court gives Sahara a month to file objections to auctioning its property
28 Sep 2015
The Supreme Court has given the troubled conglomerate a month's time to explain why a receiver should not be appointed to auction off its properties to refund investors in its illegal bonds
SC gives Sahara 18 months to repay Rs36,000-cr investor money
19 Jun 2015
The court asked Sahara to deposit the Rs36,000 crore in installments of Rs3,000 crore every two months, ie, in nine installments, from the date of release
Sahara clinches Rs5,500-cr debt deal for London, US hotels: report
08 Jun 2015
Billionaire brothers David and Simon Reuben are reported to have acquired control of Sahara Group’s iconic Grosvenor House hotel in London and two US properties in a $850-million debt refinance deal
Sahara bids to reclaim UK hotel as Subrata Roy remains in jail
27 May 2015
The Sahara group’s move comes at a time when the group has failed to raise Rs10,000 crore needed to bail out its boss Subrata Roy who has been in Tihar jail for the past 14 months
Sahara agrees to pay bail for chief Subrata Roy’s release: report
08 May 2015
The latest move follows several failed attempts by Sahara in the past to raise the bail money through sale or pledging of its overseas hotel properties in London and New York
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