May 03, 2016 6:41 PM ET

Industrial Conglomerates

Company Overview of Sahara India Pariwar Ltd.

Company Overview

Sahara India Pariwar Ltd. operates as a business conglomerate. The company, through its subsidiaries, offers life insurance plans, asset management services, mutual funds in debt and equity segments, and housing finance solutions. 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 p...

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: 62
Executive Director
Age: 35
Asst General Manager of Sahara India Product Division
Compensation as of Fiscal Year 2015.

Sahara India Pariwar Ltd. Key Developments

Supreme Court Allows SEBI To Sell Some Sahara Properties

Supreme Court has asked the markets regulator to start the process of selling some of Sahara India Pariwar Ltd.'s real estate assets in the country to refund millions of investors in its illegal bonds, lawyers said. The court asked the regulator, the Securities and Exchange Board of India (SEBI) which is seeking redress for the bond investors, to submit a plan for selling Sahara's 86 properties in the country, said Sahara lawyer Gautam Awasthi. These properties don't include any of its overseas assets, Hotel Sahara Star and Aamby Valley City, he said. Lawyers for both Sahara and SEBI did not identify the properties that would be put on the block. Sahara lawyer Awasthi said the original documents for the 86 properties were with SEBI, and that they are worth more than INR 400 billion ($6 billion).

Plaza Hotel And Dream Downtown Hotel To Be Reportedly Auctioned

PLAZA IP HOLDINGS LLC (USA) (Plaza Hotel) and Dream Downtown Hotel are poised to go on the auction block in April 2016. David and Simon Reuben hold the mortgage on the properties and have scheduled a foreclosure auction for April 26, 2016 according to a person with knowledge of the matter. They acquired the loan from Bank of China Ltd. after a default by Sahara India Pariwar Ltd. For sale are the Plaza’s hotel rooms, its restaurants and retail space, according to the person with knowledge of the matter. It’s being sold in a package with the Dream Downtown hotel, a trendy property in Manhattan’s Chelsea neighborhood that is located one block from the elevated High Line park, the person said. The combined mortgages for the properties total about $500 million, the person with knowledge of the matter said.

Sahara India To Divest 42.5% Stake In Force India Formula One

Sahara India Pariwar Ltd. announced plans to divest its 42.5% stake in the Force India Formula One team Limited. Sahara sought the Indian Supreme Court's permission to divest of Force India and other assets in order to raise a combined INR 53 billion. A Sahara spokesman said in an emailed statement that there were "no talks with anybody at the moment" about selling the Formula One team stake.

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
February 2, 2016
Grosvenor House Hotel
Merger/Acquisition
August 3, 2015
45.71 acres of Land in Gorakhpur, Uttar Pradesh
 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Bertelsmann AG Europe
Rush University United States
Bloomberg L.P. United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact Sahara India Pariwar Ltd., please visit www.sahara.in. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.