Company Overview of Sahara India Pariwar Ltd.
Sahara India Pariwar Ltd., an industrial conglomerate, operates in life insurance plans, asset management services, mutual funds in debt and equity segments, and housing finance sectors. It also engages in building gated townships, luxury residences, leisure and entertainment facilities, indoor and outdoor sports facilities, restaurants and banquets, hotels, hospitals, and other residential and commercial building projects; acquiring and building national and international hotels, convention centers, golf resorts, and project investments; and providing real estate and lifestyle services. In addition, the company operates a power plant to generate power using bio-fuel; a crafts store and a co...
Lucknow, 226 010
Founded in 1978
91 52 2230 4260
91 52 2239 5411
Key Executives for Sahara India Pariwar Ltd.
Chairman and Managing Worker
Deputy Managing Worker and Vice Chairman
Head of Operation of Sahara India Product Division
Compensation as of Fiscal Year 2016.
Sahara India Pariwar Ltd. Key Developments
Sebi Lines Up 13 More Sahara Properties For Auction
Sep 21 16
Securities and Exchange Board of India has lined up 13 more land parcels belonging to Sahara India Pariwar Ltd. as it moves ahead with sale of Sahara assets to recover investor money. These properties will be e-auctioned next month at a total reserve price of about INR 14 billion. Following directions from the Supreme Court for sale of certain Sahara assets to recover money, Sebi had, in July 2016, planned to sell 58 properties of the group that had a combined reserve price of nearly INR 50 billion.
Firms Eyeing Taj Mansingh Hotel
Sep 8 16
A number of investors are said to be interested in acquiring a stake in The Taj Mahal Hotel (Taj Mansingh Hotel), if it is put up for sale by New Delhi Municipal Council. According to news report, an auction could see bidding from firms like SAMHI Hotels Private Limited, Lemon Tree Hotels Ltd., and other foreign institutional investors as well as private equity funds. SAMHI’s Chief Executive Officer, Ashish Jakhanwala stated, “At a broad level, yes, we would be interested in bidding for the property.” However, he added that a number of issues needed to be clarified before that, like the tenure of the lease and whether it is fixed or variable. Chairman of Lemon Tree Hotels, Patu Keswani said, “We are always keen for good quality assets but we are not into the trophy asset business. So, if it's a 30-year lease, unlikely. If it's longer, we will be interested.” He added that said if it is an open auction and there is no right of first refusal, then like most others international and domestic hotel companies, the company too would like to bid. Starwood Hotels & Resorts Worldwide Inc. (NYSE:HOT) Managing Director, India, Dilip Puri said that Starwood will not bid as it does not invest in real estate, if investors bid for it and got it, the company will like to manage the property. Previously, Accor S.A. (ENXTPA:AC), Oberoi Realty Limited (BSE:533273), ITC Limited (NSEI:ITC), and Sahara India Pariwar Ltd. had expressed interest in bidding for the property. PRS Oberoi, Chairman of EIH Ltd. (BSE:500840) which owns the Oberoi, had told ET in 2012 that he would be interested if the price was in range. The report added that Vikram Oberoi, EIH Managing Director, declined to comment.
3 Associates Prune Bid For Sahara Hotels
Aug 24 16
3 Associates Capital Management Limited has decided to prune its bid for the Sahara India Pariwar Ltd.'s marquee hotels and will now offer $1.1 billion for Grosvenor House Hotel in London and The Plaza in New York, dropping plans to buy the Dream Downtown Hotel in New York. The family office had put in a $1.3 billion bid for the three hotels last month jointly with unidentified Saudi Arabian and UAE family offices, an offer that Sahara had said was below the market price. "We have now completed our due diligence and we will be removing Dream Downtown and resubmitting our bid at $1.1 billion in the next few days," said Jesdev Saggar, Managing Director of 3 Associates. Saggar said Dream Downtown was dropped to rationalize the bid and make it more compelling to the stakeholders.
Similar Private Companies By Industry
Recent Private Companies Transactions