Sahara Group, Dhaka inks pact for new city
Sahara India today announced it would develop a new city near Dhaka called Notun Dhaka and has signed agreement with the Bangladesh government to invest in housing sector of neighbouring nation.
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Sahara, ICICI, Bhushan Steel in fray to buy Parsvnath’s land
Sahara Group, ICICI Bank, Bhushan Steel, Bharti Realty, Red Fort Capital and Shri Lal Mahal are understood to be in the race among others to acquire Parsvnath Developers’ 1.18 acre of prime commercial land near Connaught Place in the National Capital.
Sahara in realty tie-up with Turner, Acropolis
Sahara India, US-based Turner Construction Company and Acropolis Capital Group have together formed a construction company that plans to build realty projects undertaken by the Sahara India Group worth $2.5 billion over the next five years in India, the companies said on Thursday. The group has plans to build projects worth $25 billion over the next 20 years.
Supreme Court seeks details of ‘unencumbered’ property from Sahara
The Supreme Court on Friday, Jan 20, gave two Sahara group companies three weeks to choose between two courses to secure investments made by the public in their controversial Optionally Fully Convertible Debentures (OFCD) scheme.
SC admits Sahara plea; extends SAT order stay
The Supreme Court today admitted Sahara India Real Estate Corporation Limited (SIRECL’s) plea challenging the Securities Appellate Tribunal order directing it to refund around Rs.17,400 crore to investors who had invested in its OFCDs.
Supreme Court stays order on Sahara Group firms
Supreme Court stayed a tribunal order directing two Sahara group companies to refund 174 billion rupees to investors, but sought details of their assets and liabilities on Monday, Nov 28.
Sahara appeal against SAT order in SC today
The Sahara group’s appeal against the order of the Securities Appellate Tribunal (SAT) will come up for hearing in the Supreme Court on Monday, Nov 28.
RoC to examine Sahara firms’ books for violation of norms
Sahara’s defiance against the market regulator SEBI seems to have opened the can of worms for the company.
Sahara moves SC against SAT order
The two Sahara Group companies have moved the Supreme Court challenging the sectoral tribunal’s order asking the Group to refund around Rs.24,000 crore to investors.
SAT upholds SEBI order; asks Sahara to refund Rs 24K cr to investors
The SAT on Tuesday, September 18, upheld an order passed by SEBI against two Sahara group companies and directed them to return money raised from the public in violation of securities regulations with an interest of 15%.