US authorities probe alleged forged letter from Mirach in Sahara deal
Sahara had sought to borrow more than $1 billion from Mirach to help bail its chairman, Subrata Roy, out of jail in New Delhi.
Feb 19, 2015, 08:55 AM ISTMirach fiasco: Sahara initiates legal action; eyes new deal
Accusing Mirach Capital of "cheating and forgery" in the failed USD 2.05 billion loan arrangement, Sahara today said it has initiated legal action against the US-based firm and it is now working on a new deal to raise funds to secure bail for its chief Subrata Roy.
Feb 12, 2015, 18:40 PM ISTMirach asks Supreme Court to let it buy Sahara assets
US-based Mirach Capital Group claims to have returned USD 2.625 million to Sahara Group and asked the Supreme Court to intervene and allow a sale of its assets to its "ready, willing, and able investors."
Feb 11, 2015, 12:35 PM ISTMirach calls off Sahara loan deal, returns fees
The Court had given time till February 20 for the deal, but it fell apart after Bank of America disclosed that it was not involved in the deal as was being claimed.
Feb 11, 2015, 10:57 AM ISTSahara saga: Mirach says 3 hotels can fetch maximum $1.67 billion
As the blame-game continues over their floundered deal, US-based Mirach Capital has claimed that Sahara's three overseas hotels can fetch a maximum valuation of USD 1.67 billion (Rs 10,400 crore).
Feb 08, 2015, 14:32 PM IST