Company Overview of Sahara India Pariwar Ltd.
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...
Founded in 1978
Key Executives for Sahara India Pariwar Ltd.
Chairman and Managing Worker
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
Mar 29 16
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
Mar 17 16
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
Feb 17 16
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.
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