9 months ago
Adani Group Eyes Sahara Properties Amid Legal Concerns
The Adani Group is interested in buying some properties from the Sahara Group, but they want to make sure there are no legal problems with the properties first.
The Sahara Group has a lot of money they need to pay back to investors and is trying to sell these properties to get the money.
The properties include a big hotel near Mumbai and a huge area called Aamby Valley.
The Adani Group thinks these properties could be useful because they are near some of their ports.
The Supreme Court is involved because some people have raised objections to the sale, and the court has asked the government for its opinion.
The Adani Group's boss said they would only buy the properties if they don't have any legal issues.
Adani Group is interested in Sahara Group's properties but wants clean titles without legal disputes.
Sahara Group filed a petition in September to sell 88 properties, including Hotel Sahara Star and Aamby Valley, to Adani Properties.
Adani Properties sought court approval in October to buy the properties.
The Supreme Court deferred a hearing in November due to objections and sought a response from the Centre.
Sahara Group has dues of ₹24,000 crore and has deposited ₹16,000 crore to refund investors, aiming to raise more funds through property sales.
- Who
- Adani Group, Sahara Group, Supreme Court, Centre
- What
- Potential sale of Sahara Group properties to Adani Group
- Where
- India, primarily Mumbai and properties' locations
- When
- September 2025 (petition filed), October 2025 (Adani's approval sought), November 2025 (hearing deferred)
- Why
- Sahara Group needs to raise funds to refund investors; Adani Group sees strategic value in properties
Key facts
- Properties in Question
- Hotel Sahara Star, Aamby Valley (8,800 acres)
- Sahara Group's Dues
- ₹24,000 crore
- Amount Deposited
- ₹16,000 crore
- Adani's Stance
- Interested but wary of legal disputes
- Court Involvement
- Hearing deferred, Centre sought response
- Strategic Interest
- Properties near Adani's ports
- Adani's Condition
- Clean titles without legal disputes
- Sahara's Objective
- Raise funds to refund investors
Quotes
Jugeshinder Singh
Chief Financial Officer of the Adani Group
“While the group was interested in the properties, it would not like to be involved in court cases. Some of the assets were strategically located near its ports and would make ‘sense’ to acquire them.”
thehindubusinessline.com
“They would have to find a non-legal pathway to resolve the issues.”
thehindubusinessline.com
