Mirach

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.

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.

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.