Sahara Conglomerate


'Sahara Conglomerate' - 44 News Result(s)

  • 2,000 Crores By Cheque, No Bouncing, Top Court Warns Sahara's Subrata Roy

    2,000 Crores By Cheque, No Bouncing, Top Court Warns Sahara's Subrata Roy

    Subrata Roy, the 68-year-old chief of the Sahara conglomerate will have to return to jail if he does not deposit 1,500 crores with the Supreme Court by June 15. The Sahara chief, who was arrested in 2014 and given bail last year, was present in court and told judges that he would furnish two cheques -one in June and the other in July- totaling abou...

  • Supreme Court Allows Markets Regulator Sebi to Sell Sahara Properties

    Supreme Court Allows Markets Regulator Sebi to Sell Sahara Properties

    The Supreme Court has asked market regulator Sebi (Securities and Exchange Board of India) to start the process of selling some of embattled conglomerate Sahara's real estate assets in the country to refund millions of investors in its illegal bonds, lawyers said on Tuesday.

  • Supreme Court to Consider Auctioning Off Sahara Properties

    Supreme Court to Consider Auctioning Off Sahara Properties

    The Supreme Court on Monday asked the Securities and Exchange Board of India (Sebi) to submit an application by September 14 seeking its approval to appoint a receiver to auction conglomerate Sahara's assets and refund investors in the troubled group's illegal bonds.

  • Sahara Expresses Inability to Pay Rs 36,000 Crore in 18 Months

    Sahara Expresses Inability to Pay Rs 36,000 Crore in 18 Months

    Finance and real estate conglomerate Sahara on Tuesday expressed its inability to pay Rs 36,000 crore in 18 months, as earlier directed by the Supreme Court.

  • No Bail For Subrata Roy, Sahara Asked to Pay Rs 36,000 Crore

    No Bail For Subrata Roy, Sahara Asked to Pay Rs 36,000 Crore

    The Supreme Court on Friday set fresh terms for releasing troubled conglomerate Sahara's founder Subrata Roy, jailed for more than a year in a long-running dispute over issuance of illegal bonds.

  • Sahara Agrees to Pay Bail to Release Jailed Chief: Report

    Sahara Agrees to Pay Bail to Release Jailed Chief: Report

    Sahara, a sprawling conglomerate that ranges from media to property and Formula One racing, has agreed to pay the full $1.6 billion (Rs 10,000 crore) to release its jailed boss on bail, a lawyer for the company said on Friday.

  • Rescue Plan for Sahara in Doubt as Spanish Bank BBVA Denies Loan

    Rescue Plan for Sahara in Doubt as Spanish Bank BBVA Denies Loan

    A rescue plan for Sahara was thrown into disarray on Wednesday when Spanish bank BBVA SA denied offering a credit line to the bank, scuppering the conglomerate's claims it would use it to help secure bail for its jailed boss.

  • Big Decision Today Expected From Supreme Court on Sahara

    Big Decision Today Expected From Supreme Court on Sahara

    The Supreme Court will decide the future of conglomerate Sahara later on Monday, when it rules on whether time has run out for the controversial business empire to raise Rs 10,000 crore it needs to free its jailed chief.

  • Sahara Given Last Chance to Raise Funds Against Properties

    Sahara Given Last Chance to Raise Funds Against Properties

    The court will appoint a receiver and auction the conglomerate's properties if it fails to submit a proposal to raise the funds, said a lawyer for the market regulator, which is seeking redress for millions of investors.

  • Sahara Chief to Stay in Jail as $2 Billion Property Deal Called Off

    Sahara Chief to Stay in Jail as $2 Billion Property Deal Called Off

    In a blow for Sahara, the US-based Mirach Capital called off its $2 billion loan deal which would have helped the Indian conglomerate raise bail money for its jailed chief Subrata Roy.

  • Sahara Allowed to Raise Loan for Chief's Bail

    Sahara Allowed to Raise Loan for Chief's Bail

    The Supreme Court has cleared the way for embattled conglomerate Sahara to raise $1.05 billion in fresh loans backed by its overseas hotels, helping the group to fund the bail it needs to release its jailed boss.

  • 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 investors in outlawed bonds.

  • 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.

  • 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 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 Conglomerate' - 4 Video Result(s)

'Sahara Conglomerate' - 44 News Result(s)

  • 2,000 Crores By Cheque, No Bouncing, Top Court Warns Sahara's Subrata Roy

    2,000 Crores By Cheque, No Bouncing, Top Court Warns Sahara's Subrata Roy

    Subrata Roy, the 68-year-old chief of the Sahara conglomerate will have to return to jail if he does not deposit 1,500 crores with the Supreme Court by June 15. The Sahara chief, who was arrested in 2014 and given bail last year, was present in court and told judges that he would furnish two cheques -one in June and the other in July- totaling abou...

  • Supreme Court Allows Markets Regulator Sebi to Sell Sahara Properties

    Supreme Court Allows Markets Regulator Sebi to Sell Sahara Properties

    The Supreme Court has asked market regulator Sebi (Securities and Exchange Board of India) to start the process of selling some of embattled conglomerate Sahara's real estate assets in the country to refund millions of investors in its illegal bonds, lawyers said on Tuesday.

  • Supreme Court to Consider Auctioning Off Sahara Properties

    Supreme Court to Consider Auctioning Off Sahara Properties

    The Supreme Court on Monday asked the Securities and Exchange Board of India (Sebi) to submit an application by September 14 seeking its approval to appoint a receiver to auction conglomerate Sahara's assets and refund investors in the troubled group's illegal bonds.

  • Sahara Expresses Inability to Pay Rs 36,000 Crore in 18 Months

    Sahara Expresses Inability to Pay Rs 36,000 Crore in 18 Months

    Finance and real estate conglomerate Sahara on Tuesday expressed its inability to pay Rs 36,000 crore in 18 months, as earlier directed by the Supreme Court.

  • No Bail For Subrata Roy, Sahara Asked to Pay Rs 36,000 Crore

    No Bail For Subrata Roy, Sahara Asked to Pay Rs 36,000 Crore

    The Supreme Court on Friday set fresh terms for releasing troubled conglomerate Sahara's founder Subrata Roy, jailed for more than a year in a long-running dispute over issuance of illegal bonds.

  • Sahara Agrees to Pay Bail to Release Jailed Chief: Report

    Sahara Agrees to Pay Bail to Release Jailed Chief: Report

    Sahara, a sprawling conglomerate that ranges from media to property and Formula One racing, has agreed to pay the full $1.6 billion (Rs 10,000 crore) to release its jailed boss on bail, a lawyer for the company said on Friday.

  • Rescue Plan for Sahara in Doubt as Spanish Bank BBVA Denies Loan

    Rescue Plan for Sahara in Doubt as Spanish Bank BBVA Denies Loan

    A rescue plan for Sahara was thrown into disarray on Wednesday when Spanish bank BBVA SA denied offering a credit line to the bank, scuppering the conglomerate's claims it would use it to help secure bail for its jailed boss.

  • Big Decision Today Expected From Supreme Court on Sahara

    Big Decision Today Expected From Supreme Court on Sahara

    The Supreme Court will decide the future of conglomerate Sahara later on Monday, when it rules on whether time has run out for the controversial business empire to raise Rs 10,000 crore it needs to free its jailed chief.

  • Sahara Given Last Chance to Raise Funds Against Properties

    Sahara Given Last Chance to Raise Funds Against Properties

    The court will appoint a receiver and auction the conglomerate's properties if it fails to submit a proposal to raise the funds, said a lawyer for the market regulator, which is seeking redress for millions of investors.

  • Sahara Chief to Stay in Jail as $2 Billion Property Deal Called Off

    Sahara Chief to Stay in Jail as $2 Billion Property Deal Called Off

    In a blow for Sahara, the US-based Mirach Capital called off its $2 billion loan deal which would have helped the Indian conglomerate raise bail money for its jailed chief Subrata Roy.

  • Sahara Allowed to Raise Loan for Chief's Bail

    Sahara Allowed to Raise Loan for Chief's Bail

    The Supreme Court has cleared the way for embattled conglomerate Sahara to raise $1.05 billion in fresh loans backed by its overseas hotels, helping the group to fund the bail it needs to release its jailed boss.

  • 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 investors in outlawed bonds.

  • 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.

  • 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 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.

  • Sultan of Brunei Bids for Sahara's New York and London Luxury Hotels: Report

    Sultan of Brunei Bids for Sahara's New York and London Luxury Hotels: Report

    An investment firm affiliated with Brunei has offered to pay $2 billion for the three hotels, which are currently owned by the Sahara conglomerate, WSJ.com said.

  • 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.

  • 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.

  • 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.

  • Supreme Court Could Allow Sahara Chief to Conduct Asset Sale Talks, Says Company

    Supreme Court Could Allow Sahara Chief to Conduct Asset Sale Talks, Says Company

    The jailed chairman of conglomerate Sahara, Subrata Roy, could be allowed to take part in talks over group asset sales to repay investors sold bonds that were later ruled to be illegal, the company said after he was again denied bail on Tuesday.

  • Sahara Allowed to Sell Nine Properties

    Sahara Allowed to Sell Nine Properties

    Supreme Court on Wednesday once again rejected a bail plea by the chief of the Sahara conglomerate, who has been held in jail for three months over his group's failure to repay investors in outlawed bonds.

  • Sahara Is Big Pariwar, They Can Manage, Say Judges Refusing Bail For Jailed Chief

    Sahara Is Big Pariwar, They Can Manage, Say Judges Refusing Bail For Jailed Chief

    The Supreme Court today told the unlisted Sahara conglomerate that it can sell one of the premium properties it owns to furnish the Rs 10,000 crore that is needed to pay bail for its jailed chief, Subrata Roy.

  • In Sahara and Subrata Roy Case, a New Controversy

    In Sahara and Subrata Roy Case, a New Controversy

    Subrata Roy, the 65-year-old chairman of the unlisted Sahara conglomerate has been in jail in Delhi for two months over his group's alleged failure to refund lakhs of small investors in two outlawed bonds scheme.

  • Sahara chief Subrata Roy to stay in jail for now

    Sahara chief Subrata Roy to stay in jail for now

    Subrata Roy, the chief of the Sahara conglomerate, will have to remain in Delhi's Tihar jail for some more time as the Supreme Court, which was to hear Sahara's Rs 20,000 crore refund case tomorrow, has adjourned it without fixing the next day.

  • Subrata Roy to stay in jail, Supreme Court rejects Sahara's proposal as 'big insult'

    Subrata Roy to stay in jail, Supreme Court rejects Sahara's proposal as 'big insult'

    Subrata Roy, the 65-year-old head of the Sahara conglomerate, will remain in Delhi's Tihar Jail, where he was placed on Tuesday night, the Supreme Court said today, rejecting as "an insult" a proposal from the firm to repay thousands of crores to small investors.

  • Sahara chief Subrata Roy to stay in jail, says Supreme Court

    Sahara chief Subrata Roy to stay in jail, says Supreme Court

    Subrata Roy, the 65-year-old head of the Sahara conglomerate, will remain in Delhi's Tihar Jail, where he was placed on Tuesday night, the Supreme Court said today, rejecting as "an insult" a proposal from the firm to repay thousands of crores to small investors.

  • Sahara chief Subrata Roy sent to Tihar Jail

    Sahara chief Subrata Roy sent to Tihar Jail

    Subrata Roy, the chief of the Sahara conglomerate, was unsuccessful today in convincing the Supreme Court that he is serious about refunding thousands of small investors for bond schemes that were declared illegal two years ago.

  • Sahara chief Subrata Roy sent to Tihar Jail till March 11

    Sahara chief Subrata Roy sent to Tihar Jail till March 11

    Subrata Roy, the chief of the Sahara conglomerate, has been sent to judicial custody till Tuesday next, when a case related to refunding investors will be heard again, the Supreme Court said today.

  • With folded hands, I ask you to save us: Sahara chief Subrata Roy in Supreme Court

    With folded hands, I ask you to save us: Sahara chief Subrata Roy in Supreme Court

    Subrata Roy, the chief of the Sahara conglomerate, told the Supreme Court today, "with folded hands, I am begging you to save us. Give us time," he urged, vowing that "every direction" of the court would be followed.

  • Who is Subrata Roy? 10-point cheat-sheet

    Who is Subrata Roy? 10-point cheat-sheet

    Subrata Roy, the chief of the Sahara conglomerate, will remain in police custody till the next hearing in a case related to refunding investors, the Supreme Court ruled on Tuesday. Roy was arrested on Friday after failing to appear at a Supreme Court hearing, which he says he missed to attend to his ailing mother.

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