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May 06, 2015 4:29 AM ET

Industrial Conglomerates

Company Overview of Sahara India Pariwar Ltd.

Company Overview

Sahara India Pariwar Ltd., a business conglomerate, engages in finance, infrastructure and housing, consumer merchandise and fast moving consumer goods retail, luxury real estate and lifestyle services, dairy and hospitality, media and entertainment, manufacturing, and information technology businesses in India. It offers life insurance plans and housing finance; manages mutual fund schemes in equity and debt segments; retails staples, processed foods, beverages, home and personal care products, water, consumer durables, general merchandise, packaged foods, ready-to-eat products, dairy products, and jewelry; operates neighborhood centers, including cinema halls, learning centers, restaurants...

Sahara Shaher

Gomti Nagar

Lucknow,  10

India

Founded in 1978

Phone:

91 52 2230 4260

Fax:

91 52 2239 5411

Key Executives for Sahara India Pariwar Ltd.

Chairman and Managing Worker
Age: 61
Executive Director
Age: 34
Asst General Manager of Sahara India Product Division
Compensation as of Fiscal Year 2014.

Sahara India Pariwar Ltd. Key Developments

Mirach Offers To Buy Sahara Hotels

Mirach Capital Group LLC is willing to buy Grosvenor House Hotel; PLAZA IP HOLDINGS LLC (USA) and Dream Downtown Hotel from Sahara India Pariwar Ltd. P. Chidambaram, Lawyer for Mirach Capital Group LLC said, "Mirach Capital wants to make an offer for outright purchase of the three hotels. We want to submit our offer in a sealed cover to the court." The three-judge bench headed by Justice T S Thakur allowed Mirach Capital Group LLC to place the offer before the court while clarifying that it would not open it till Sahara India Pariwar Ltd. had exhausted its options in 90 days to raise the money.

Sahara India Given Last Chance To Raise Funds

The Supreme Court on March 14, 2015 gave conglomerate Sahara India Pariwar Ltd. a final chance to raise funds against its properties in order to bail out its chairman. The top court will appoint a receiver and auction the conglomerate's properties if it fails to submit a proposal to raise the funds, said a lawyer for the market regulator, which is seeking redress for millions of investors in the company's bond programme that was ruled illegal.

Sahara Talks Of Raising Money From Aamby Valley

Sahara India Pariwar Ltd. is looking to raise money from its most valuable asset, Aamby Valley, luxury township project off the Pune-Mumbai highway, as it faces formidable blocks on the other avenues it was exploring to bail out its jailed Chief, Subrata Roy. Sahara counsel Rajiv Dhawan told the court raising money from Aamby Valley was one of the three measures Sahara India was considering for raising Roy's bail money. "Even for Aamby Valley, things have to be worked out. It was a business decision," Rajiv Dhawan added, and "one could not be forced to sell anything."

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
December 4, 2014
185 acre of Land in Gurgaon
Merger/Acquisition
November 29, 2014
265 Acres Plot in Naigaon, Vasai
 

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