Sahara rejects $1.3 billion offer, calls it attempt to lower price
Sahara group on Wednesday rejected a new USD 1.3 billion offer from a group of investors for its three prized overseas hotels, terming it a "devious attempt" to lower the price and disturb the sentiment of other bidders making "much higher" offers.
Jul 27, 2016, 15:59 PM IST
Sahara group gets $1.3 billion offer from new suitor for its 3 overseas hotels
Scurrying for funds, embattled Sahara group has got a USD 1.3 billion offer from a new suitor for its three prized overseas hotels including the Grosvenor House and Park Plaza.
Jul 27, 2016, 13:13 PM IST
Relief for Subrata Roy: Supreme Court extends parole, approves Sahara-Qatar deal
The Supreme Court on Monday extended till August 3 the parole granted to Sahara chief Subrata Roy on humantarian grounds following the death of his mother, with a strict condition that he will have to deposit the balance of Rs 300 crore, out of the Rs 500 crore promised by him.
Jul 11, 2016, 19:29 PM IST
Supreme Court extends Subrata Roy's parole till August 3, okays Sahara-Qatar deal
In a relief to Sahara Group chief Subrata Roy, the Supreme Court on Monday extended his parole till August 3, 2016.
Jul 11, 2016, 15:41 PM IST
Sahara requests SC to extend indefinite bail to Subrata Roy, deposits Rs 200 crore
The Sahara Group deposited Rs 200 crore with the Supreme Court following its orders on Friday and sought the apex court to extend an indefinite bail to Subrata Roy and director Ashok Roy Choudhary.
Jul 09, 2016, 13:21 PM IST
Sahara to sell 3 overseas hotels to Qatar Investment for $1.6 billion
Sahara and Qatar Investment Authority have drafted a share purchase agreement with the Qatar Investment seeking nod from the Supreme Court for the sale process for which it will file an application on Friday.
Jul 07, 2016, 16:11 PM IST
HDFC Realty, SBI Caps to auction 61 properties of Sahara
Tasked by markets regulator Sebi to sell land parcels of Saharas, HDFC Realty and SBI Capital Markets have initiated the process for e-auctioning 61 properties owned by the beleaguered group across the country.
May 24, 2016, 20:01 PM IST
Sahara group submits details of all properties
Sahara group on Thursday submitted details of its domestic and overseas assets in a sealed envelope to the Supreme Court.
May 12, 2016, 13:30 PM IST
Sahara chief Subrata Roy wants bail: News 360
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Apr 28, 2016, 00:14 AM IST
67 properties of Sahara up for sale, process to start next week: SEBI to SC
In the month of March, the Supreme Court had asked SEBI to initiate the process of selling 87 "unencumbered" properties of Sahara group, whose title deeds are with the market regulator, to generate the bail money for release of its chief Subrata Roy who has been in jail for two years now.
Apr 27, 2016, 16:49 PM IST
Subrata Roy's health deteriorating in jail, can't survive another summer: Sahara tells SC
Sahara group on Wednesday informed the Supreme Court that its chief, Subrata Roy's health condition was deteriorating and that he would not be able to survive another summer in jail.
Apr 27, 2016, 16:26 PM IST
Subrata Roy didn't go abroad despite Supreme Court's permission: Sahara
Seeking to reject any "impression" that its chief Subrata Roy wanted to go abroad before incarceration, embattled Sahara group Monday said he returned to the country on being summoned and later did not leave the country even after the Supreme Court's permission.
Apr 11, 2016, 19:19 PM IST
Sale of Sahara assets 'herculean task': Datar
Selling properties of Sahara group will be a "herculean task", market regulator Sebi's lawyer Arvind Datar said today, citing example of the recent no-show by bidders at an auction for Vijay Mallya's Kingfisher House building
Apr 08, 2016, 20:01 PM IST
Sahara averts foreclosure auction of US hotel properties
In a major relief, Sahara Group has got time till June to avoid any foreclosure auction of its two marquee hotel properties here by mortgage holders Reuben Brothers, who had extended a USD 900 million loan refinance facility to the embattled Indian group.
Mar 26, 2016, 16:51 PM IST
Sahara's Plaza, Dream Downtown hotels in US up for sale?
Beleaguered Sahara group seems headed for a fresh blow with the mortgage holders of its prized overseas hotel assets reportedly readying a billion- dollar auction for the iconic Plaza and trendy Dream Downtown properties here next month
Mar 17, 2016, 21:53 PM IST
Sahara Group pays tax dues, Aamby Valley ''unsealed'' after five hours
Barely five hours after the Maharashtra government sealed the Sahara India Pariwar`s flagship Aamby Valley Resort for non-payment of tax, the company paid up the outstanding non-agriculture tax dues and the seal was broken here on Tuesday afternoon.
Mar 01, 2016, 20:48 PM IST
Sahara Group's Aamby Valley sealed for tax default
Sahara Group`s flagship project, Aamby Valley Resort, has been sealed by the Maharashtra government for non-payment of non-agriculture taxes of around Rs 4.50 crore, an official said on Tuesday.
Mar 01, 2016, 17:43 PM IST
Sahara group looking to sell 42.5 per cent stake in F1 team for funds: Report
In October 2011, Sahara purchased 42.5% of Force India's shares for $100 million.
Feb 03, 2016, 09:49 AM IST
Sahara plans to sell hotels, 42% share in F1 and 4 aircrafts for Subrata Roy's release
For the interim bail of 67-year-old Roy, the court had put conditions like depositing Rs 5,000 crore in cash and a bank guarantee of equal amount and tough terms including payment of the entire Rs 36,000 crore including interest.
Feb 02, 2016, 20:53 PM IST
