According to sources, Sahara is looking to retain the crown jewel - Grosvenor House - eyeing other financing options.
Sahara chief Subrata Roy will be moved to the out-house in Tihar jail on Tuesday. With Roy finally stepping out of the jail cell, Sahara is claiming that the negotiations for overseas properties are likely to gather pace. According to sources, Sahara is looking to retain the crown jewel - Grosvenor House - eyeing other financing options.
The company released a statement, according to which, Sahara is open to considering diverse financial options vis-à-vis the international properties.
The options include refinancing and mortgaging but there are various odds that are stacked against them with respect to the property already being mortgaged. But given the symbolic value, given the sentimental value and the huge sum which is in excess of about 500 million pounds, the onus is now on Sebi for verification. With all these issues in mind Sahara is not keen on selling Grosvenor House but keen on retaining its crown jewel.
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