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Sahara boss Subrata Roy wants 6 more weeks to work out a deal from Tihar jail

Feb 17, 2015

Sahara boss Subrata Roy wants 6 more weeks to work out a deal from Tihar jail

Subrata Roy on Tuesday asked the Supreme Court to let him use a high-tech office space inside New Delhi's Tihar jail complex for six more weeks, to talk to potential investors and raise $1.6 billion in bail, the lawyers told Reuters. #ToWhatEffect #Tihar jail #Subrata Roy #Sahara
Failed deal: Now Mirach Capital prepares lawsuit to hit back Sahara

Feb 13, 2015

Failed deal: Now Mirach Capital prepares lawsuit to hit back Sahara

This follows Sahara yesterday initiating legal action against Mirach for alleged "cheating and forgery" with regard to the deal that involved transfer of the Indian group's existing loans from Bank of China for three iconic hotels to a new set of investors. #Business #Sahara Group #Supreme Court #Tihar jail #CompanyWatch #Subrata Roy #Grosvenor House #dream downtown #The Plaza #mirach capital #Saransh Sharma
Mirach says Sahara's 3 hotels can fetch a maximum of $1.67 bn

Feb 08, 2015

Mirach says Sahara's 3 hotels can fetch a maximum of $1.67 bn

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 $1.67 billion (Rs 10,400 crore). #London #Tihar jail #Subrata Roy #Sahara #New York #Grosvenor House #dream downtown #The Plaza #mirach capital
Willing to buy Sahara's hotels but  loan offer off the table, says Mirach

Feb 06, 2015

Willing to buy Sahara's hotels but loan offer off the table, says Mirach

Denying "unfounded" allegations of forgery, the US-based Mirach Capital Group has asserted that it remains "ready, willing and able" to buy Sahara assets, but its loan offer was no longer on the table. #Tihar jail #Subrata Roy #Sahara #Saransh Sharma #Mirach
Break-up: How the Mirach-Sahara $2 bn deal to bail out Roy fell through

Feb 06, 2015

Break-up: How the Mirach-Sahara $2 bn deal to bail out Roy fell through

Sahara Group's efforts to raise money to secure bail for its chief, Subrata Roy, have taken another turn, with Bank of America (BofA) refuting claims it is the banker for a $2-billion financing package offered to the group by a US-based entity. #Tihar #Subrata Roy #Sahara #Defaults #Bank of America #Mirach