Sahara clinches $850 mn debt deal for foreign hotels: Report
In a relief for the crisis-hit Sahara Group, the Indian company has sealed the sale of its Grosvenor House hotel here and two US properties -- Plaza and Dream Downtown -- in a $850 million debt refinance deal, a local media report said on Sunday.
Jun 07, 2015, 20:23 PM IST
Sahara seals Rs 5,500 cr debt deal for foreign hotels: Report
Saharas' refinancing arrangements involved getting a fresh loan for the three properties. A part of the proceeds would be given to Bank of China for release of Grosvenor House from "administration", while the remainder could be deposited with Sebi to secure release of Roy and two other top officials from Tihar Jail.
Jun 07, 2015, 17:55 PM IST
