Tuesday, March 18, 2025 | 01:05 AM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

Sahara extends bid deadline for 30 properties as Tata, Adani seek time

Properties are estimated to be worth about Rs 7,400 crore for Sahara. Deadline extended to May 20

File photo of Sahara chief Subrata Roy. Photo: PTI
Premium

Sahara chief Subrata Roy, in prison in Delhi since March 2014 at Lucknow airport after being allowed to leave prison for four weeks for the funeral of his mother Chhabi Roy. (Photo: PTI)

Press Trust of India New Delhi
The embattled Sahara group has extended the bidding deadline for sale of its 30 properties till May 20 as prospective buyers, which include Tatas, Godrej and Adani, have sought more time to complete due diligence.

Top consultant Knight Frank is auctioning the properties, estimated to be worth about Rs 7,400 crore for Sahara, which was asked by the Supreme Court to sell the assets.

Sources said the land parcels and other assets have generated huge interest among the prospective buyers, which also include Patanjali group, several real estate developers including Omaxe and Eldeco, as also HNIs and even a PSU.

Besides, Chennai-based Apollo

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in