You are here: Home » Current Affairs » News » National
Business Standard

Sebi's sell-off of Sahara's property to fetch only a fraction of dues

The sale is to generate the bail money for the release of Sahara Group chief Subrata Roy, who has been in jail since March 4, 2014

Topics
Sahara

Abhineet Kumar  |  Mumbai 

SBI Capital Markets, the investment bank appointed by the Securities and Exchange Board of India (Sebi), has put an estimated value of about Rs 4,000 crore for 87 'unencumbered' properties of Sahara Group, that it is mandated to sell. The Supreme Court asked the capital market regulator to sell the properties, for which it has the title deeds.

Subsequently, Sebi appointed SBI Capital Markets and HDFC Realty to help in the sell-off. The sale is to generate the bail money for the release of Sahara Group chief Subrata Roy, who has been in jail since March 4, 2014. He was, however, ...

First Published: Wed, May 25 2016. 00:26 IST
RECOMMENDED FOR YOU


Notice: Undefined property: stdClass::$canonicalUrl in /usr2/unibs/application/modules/article/controllers/ManagerController.php on line 449

Notice: Undefined index: seconddigit in /usr2/unibs/library/Site/Article/Processor.php on line 183

Notice: Undefined index: seconddigit in /usr2/unibs/library/Site/Article/Processor.php on line 183

Notice: Undefined index: seconddigit in /usr2/unibs/library/Site/Article/Processor.php on line 183

Notice: Undefined index: seconddigit in /usr2/unibs/library/Site/Article/Processor.php on line 183

Notice: Undefined variable: fromOthrSite in /usr2/unibs/application/modules/article/controllers/ManagerController.php on line 746

Warning: file_get_contents(/usr2/data/content/bs/article/16/05/116033001298.json): failed to open stream: No such file or directory in /usr2/unibs/application/modules/article/controllers/ManagerController.php on line 1123

Warning: file_get_contents(/usr2/data/content/bs/article/16/05/116042701137.json): failed to open stream: No such file or directory in /usr2/unibs/application/modules/article/controllers/ManagerController.php on line 1123

Warning: file_get_contents(/usr2/data/content/bs/article/16/05/116041400585.json): failed to open stream: No such file or directory in /usr2/unibs/application/modules/article/controllers/ManagerController.php on line 1123