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'Subrata Roy' - 208 News Result(s)

  • Sahara Looks to Raise $650 Million Loan to Fund Bail

    Sahara Looks to Raise $650 Million Loan to Fund Bail

    The Sahara conglomerate on Friday said it aimed to raise $650 million (Rs 4,037 crore at 1 dollar = 61 rupees) in loans to secure the release of its chief, in jail for nearly nine months over the group's failure to refund billions of dollars to inves...

  • Sebi Piles Pressure on Sahara to Sell Overseas Hotels

    Sebi Piles Pressure on Sahara to Sell Overseas Hotels

    The Securities and Exchange Board of India (Sebi) has accused Sahara of deliberately failing to sell its marquee overseas hotels in New York and London, seen as crucial to it complying with an order to repay investors and secure the release of jailed...

  • Sahara Chief Shells Out Rs 31 Lakh for Tihar Jail Special Facilities: Report

    Sahara Chief Shells Out Rs 31 Lakh for Tihar Jail Special Facilities: Report

    Sahara group has paid Rs 31 lakh to Tihar Jail authorities as charges for the stay of its chief Subrata Roy in an air-conditioned facility and using services like phone, internet and video conferencing for 57 days to negotiate sale of his luxury hote...

  • Sahara Not Interested in Selling Properties: Sebi

    Sahara Not Interested in Selling Properties: Sebi

    Market regulator Securities and Exchange Board of India or Sebi on Thursday moved Supreme Court over Sahara's failure to sell properties to repay investors. In its petition, the market regulator said it has received complaints from buyers that Sahara...

  • Supreme Court Declines Urgent Hearing Plea of Jailed Sahara Chief

    Supreme Court Declines Urgent Hearing Plea of Jailed Sahara Chief

    The Supreme Court on Friday declined to give an urgent hearing to the plea of jailed Sahara chief Subrata Roy seeking bail to attend the cremation and perform rituals relating to the death of his aunt.

  • Jailed Sahara Chief Asks to Leave Jail for Aunt's Funeral

    Jailed Sahara Chief Asks to Leave Jail for Aunt's Funeral

    Subrata Roy, the jailed chief of India's Sahara conglomerate, wants to leave prison immediately to perform the last rites for an aunt who died this morning.

  • Subrata Roy Moved Back to Jail, Special Facilities Withdrawn

    Subrata Roy Moved Back to Jail, Special Facilities Withdrawn

    Sahara chief Subrata Roy was today sent back to his cell in Tihar jail at the end of the period granted by the Supreme Court to stay at an air conditioned facility in the complex to negotiate sale of his overseas luxury hotels.

  • Subrata Roy Moved Back to His Cell; Special Facilities Withdrawn

    Subrata Roy Moved Back to His Cell; Special Facilities Withdrawn

    Sahara chief Subrata Roy was on Wednesday sent back to his cell in Tihar Jail at the end of the period granted by the Supreme Court to stay at an air conditioned facility in the complex to negotiate sale of his overseas luxury hotels.

  • Sahara Chief Subrata Roy Given 15 More Days to Sell Hotels From Prison

    Sahara Chief Subrata Roy Given 15 More Days to Sell Hotels From Prison

    Subrata Roy, the jailed chief of Sahara conglomerate, has won 15 days more from the Supreme Court to use his makeshift office in prison to negotiate the sale of his group's trophy overseas hotels and raise $1.7 billion (Rs 10,000 crore) in bail money...

  • Sahara Chief Gets 15 More Days to Negotiate Deals from Hi-Tech Office in Jail

    Sahara Chief Gets 15 More Days to Negotiate Deals from Hi-Tech Office in Jail

    Sahara chief's lawyer had earlier requested the court to extend Mr Roy's stay as negotiations for sale of overseas hotels are at a crucial stage and the deal is likely to get fetch around Rs 1,800 crore.

  • Sahara May Mortgage Iconic Hotels to Raise $1.7 Billion Bail for Jailed Chairman

    Sahara May Mortgage Iconic Hotels to Raise $1.7 Billion Bail for Jailed Chairman

    Sahara conglomerate would rather mortgage its trophy overseas hotel properties than sell them to raise the $1.7 billion, or Rs 10,000 crore, in bail money for its jailed chairman, a senior company executive told Reuters.

  • Sahara Seeks More Time to Seal Rs 1,800 Crore Property Deal

    Sahara Seeks More Time to Seal Rs 1,800 Crore Property Deal

    Sahara chief Subrata Roy today moved Supreme Court seeking more time for negotiations to sell properties. Sahara chiefs lawyer told the top court that he needs ten more days as the negotiations are in crucial stage and likely to get fetch around Rs 1...

  • Sultan of Brunei Denies Report of Bid for Sahara's New York, London Hotels

    Sultan of Brunei Denies Report of Bid for Sahara's New York, London Hotels

    The Journal's website edition reported on Saturday, citing people familiar with the situation, that an investment firm affiliated with Brunei had offered to pay $2 billion for the three hotels, which are currently owned by India's Sahara conglomerate...

  • Sultan of Brunei Bids for Sahara's Hotels in New York, London: Reports

    Sultan of Brunei Bids for Sahara's Hotels in New York, London: Reports

    The Sultan of Brunei has made a bid for New York's Plaza Hotel, Dream Hotel and London's Grosvenor House hotel, the Wall Street Journal's website edition reported on Saturday, citing people familiar with the situation.

  • Sahara Chief Gets 15 More Days to Negotiate Deals from Hi-Tech Office in Jail

    Sahara Chief Gets 15 More Days to Negotiate Deals from Hi-Tech Office in Jail

    Mr Roy was jailed in March after he failed to appear at a contempt hearing in the long-running dispute with the capital markets watchdog Sebi (Securities and Exchange Board of India) over the company's failure to repay crores to investors who were so...

  • Jailed Sahara Chief Seeks More Time to Seal Hotel Deals

    Jailed Sahara Chief Seeks More Time to Seal Hotel Deals

    Mr Roy, chairman of the Sahara conglomerate, was initially given 10 days by the Supreme Court to talk to potential bidders for three hotels, including Grosvenor House in London and the New York Plaza, to raise Rs 10,000 crore for bail.

  • From Jail, Sahara Chief Tries to Sell New York Plaza

    From Jail, Sahara Chief Tries to Sell New York Plaza

    It's hardly a $30,000 (Rs 18.3 lakh at 1 dollar = 61 rupees) per night royal suite, but after five months in India's biggest jail, the owner of the New York Plaza and London's Grosvenor House is thrilled to be able to use a modest office as he tries ...

  • Sahara Chief Shifted to Conference Room of Tihar Jail: Report

    Sahara Chief Shifted to Conference Room of Tihar Jail: Report

    A number of people including the staff of Sahara chief Subrata Roy on Tuesday visited him at the conference room of Tihar Jail which has been declared "special jail" for negotiations with potential buyers of his overseas hotels to raise Rs 10,000 cro...

  • Sahara Chief Roy to Raise Bail Money From Conference Room in Jail

    Sahara Chief Roy to Raise Bail Money From Conference Room in Jail

    Jailed Sahara chief Subrata Roy will move to a conference room in Tihar prison on Tuesday where he will have facilities like video conferencing, internet and phone so that he can negotiate with potential bidders for sale of his hotels abroad to raise...

  • Jailed Subrata Roy Gets Office to Negotiate Hotel Sales

    Jailed Subrata Roy Gets Office to Negotiate Hotel Sales

    Roy, head of the Sahara conglomerate, was jailed on March 4 for failing to appear in court in a legal battle with India's capital market's watchdog. He needs to raise Rs 10,000 crore to have a chance of release.

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