Saransh Sharma

Mirach group cheated us with 'forged letter', will initiate legal action, says Sahara

The Sahara-Mirach deal had taken a mysterious turn after Bank of America's disclosure that it was not the banker as claimed by Mirach in its proposed financing for Sahara.

Investment vehicle eyes flagship Sahara hotels in $2 bn bailout for Subrata Roy

Roy has been held in a New Delhi jail for more than 10 months over Sahara's failure to comply with a court order to refund billions of dollars invested in outlawed bonds.

Expect Sahara to default on loan, get New York Plaza hotel at bargain, says Mirach Capital

Saransh Sharma, a San Jose, California-based investor leading the rescue plan, told Reuters in an interview he doesn't think Sahara will be able to pay off the more than $1.5 billion it plans to borrow.

SC allows Subrata Roy back in Tihar jail conference room till 20 Feb

Jailed chief of Sahara conglomerate Subrata Roy has once again been provided with an AC conference room with services like internet and video-conferencing at the Tihar prison as per a Supreme court order to complete negotiations for raising funds for his bail.

Relief for Roy as Miami's Mirach Capital to pump in $2 bn in Sahara

There's finally a glimmer of hope for the Sahara Group as Miami-based debt fund with special focus on distressed assets, turnarounds, Mirach Capital has decided to pump in $2 billion into the group.