Dream Downtown

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.

Sahara files lawsuit against Mirach for forgery, says new deal soon

Sahara and Mirach were asked to finalise their deal by 20 February to help arrange funds for securing release of Roy and his two colleagues, who have been lodged in Tihar Jail for almost a year now.

Sahara's Subrata Roy an acquirer of assets, not seller, says Mirach's Saransh

The Mirach Capital Group chief did not agree that his firm had to do anything with the deal not working out smoothly.

It's official: Mirach calls off Sahara loan deal but willing to buy out the 3 hotels for $2 bn

Engaged in a war of words with Sahara over a failed syndicate loan deal, US-based Mirach today said it has returned the entire due diligence fees of $2.625 million to the Indian group but is willing to make a $2.05 billion offer for full buyout of their three iconic hotels.

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).

New twist: Tender apology or pay $13 mn compensation, Mirach warns Sahara

There were no immediate comments from Sahara on this letter

Five-star jail: Sahara pays up Rs 31 lakh for Subrata Roy's stay in Tihar 'deal room'

Subrata Roy was allowed by the Supreme Court to use the jail's conference room to negotiate sale of his hotels in order to collect Rs 10,000 crore for his bail

Sahara looking to raise $1 bn from hedge funds to free Subrata Roy

Two funds would become financiers for over $1 billion (Rs 6,000 crore) of debt against the group's three overseas hotels

Check out: The 3 properties Sahara's Subrata Roy is hoping will bail him out of jail

Subrata Roy has sought an extension of ten days from the Supreme Court to seal the deals for his hotels abroad. Here's a look at the properties.