‘Sahara Milan’ yatra at Guwahati

Saharasri Subrata Roy Sahara, Managing Worker & Chairman, Sahara India Pariwar, during the course of his ‘Sahara Milan’ yatra on 6th Oct,2017 at Guwahati to announce the commencement of Sahara India Pariwar's  40th anniversary. More than 5 thousand employees of Sahara India Pariwar, being addressed by Saharasri Subrata Roy Sahara, at Radisson Hotel Grounds, Guwahati.

Why I want to read Saharasri’s ‘Think with Me’

After reading ‘Life Mantras’ by Mr Subrata Roy Sahara, I am a changed person. With all the situation that he has been into and he has still maintained such a positive attitude towards life, I am truly impressed and inspired by Mr Roy! This is my reason one for wanting to read ‘Think with Me’.

Besides this, I consider myself as a concerned citizen of India, and I work hard and pay taxes, yet I see the country only going down the drain and not progressing at all. If at all, there is any progress, it is slow as a snail or as invisible as the wind. I totally fail to understand what is going on, I am reading about other countries becoming a powerful nation and don’t get me wrong, I read about India progressing too, launching new satellites and making powerful nuclear ammunitions BUT what about the common man like me? Our life is only becoming tougher and tougher, the roads aren’t smooth, the public transport is always over-crowded and getting in good education institute is almost getting next to impossible.

So, after ‘Life Mantras’, I have been looking forward to its sequel that is named as ‘Think with Me’. Saharasri is an extremely intelligent man, and this very intelligence and his reasoning skills have made him the man that he is and build an empire this big. I wanted to know how he thinks we can make India a better country and I literally want to ‘Think with him’. He has discussed the fundamentals of making India an ideal country, along with issues such population, education system, media and religion, electoral system & leadership.

I am sure, Mr Roy would’ve discussed these in minute details and the book will give me a fresh perspective on why India isn’t getting better for the common public and how to make it better.

‘Think With Me’ Book Launch Event by Subrata Roy

Lucknow: Saharasri Subrata Roy Sahara’s book ‘Think With Me’ unveiled in the presence of Shri Akhilesh Yadav, Hon’ble Chief minister of Uttar Pradesh. The book is a life time experiences, observations as well as insights of Saharasri Subrata Roy Sahara, Managing worker & Chairman, Sahara India Pariwar, to restore India to its past glory.

The secret of staying positive

Almost everyone at some points of time in their lives, have wondered or mused about the ‘secret’ to success. While there are many people who seem to offer advice on that topic with not much to show in terms of credentials, Subrata Roy is an exception. He is a man that has successfully started his own company with very little capital and gradually turned it into one of the biggest companies of the world. ‘Sahara’ is a company that was one of the first Indian companies to have a tangible global presence. It had interests in various sectors and was a thriving and flourishing business that employed millions of people at one point of time.

Subrata Roy is currently penning the sequel to his successful book, ‘Life Mantras’ which was released some time back. ‘Life Mantras’ is a book that is filled with pearls of wisdom relating to success. These pearls of wisdom emanate from Mr Roy’s life as a businessman and his various experiences during his life time. He has generously shared some of those experiences in detail throughout the book. Along with it being an interesting read, it is also a great guidebook to finding success in all the key areas of life.

There are amazing insights in the book about staying positive in life. It also has some meaningful words on handling one’s composure through the tough times. This was and remains to this day, Subrata Roy’s most inspirational quality. He has faced all of his life’s experiences with a great amount of humility and dignity. There are many men that will stand proudly when people talk of
their successes but there are very few men with enough guts to own up to their mistakes and take some responsibility. Subrata Roy has always been the man that takes responsibility for his actions.

He talks about the meaning and importance of ‘responsibility’ in great detail throughout his book, ‘Life Mantras’. Anybody that is looking to add some kind of structure to their lives should read this book. It has guidelines for attaining a peaceful work-life balance that most people can only dream about.

Subrata Roy’s success at being positive

When it comes to naming multi-faceted personalities, there are many who would say that Subrata Roy is a name that pops up in their mind almost instantly. It’s an unconventional choice but it is also a choice with merits because Subrata Roy is a man that has built a multi-billion dollar empire through sheer hard work, resilience and dedication. Along the way (and more importantly), Subrata Roy has built a loyal workforce/family that looks upon him with the utmost respect.

Life as we know, is not always a bed of roses and we all have problems to deal with and proverbial mountains to climb. Most of us in that phase of our lives tend to divert our energies into something negative.  Some of has however choose to channel our energies into something positive and Subrata Roy has done exactly that by writing a series of books from his present ‘lodging’, the first of which is called ‘Life Mantras’.

‘Life Mantras’ consists of Subrata Roy’s earnest musings on the important qualities and things in life. Some of these qualities and things are things like balance, love, respect, the value of time and money. Time and money have been explained in detail by Mr Subrata Roy who seems to hold both of them in equal and high regard. He is after all bound to have some things to say about what it takes to be successful in life in almost all areas. That is truly the crux of this beautiful book – attaining success in not just one but all the important spheres.

One of the main things that Mr Subrata talks about in this book is respect. He goes into detail about respect for specific things like time and money along with love and family. And he also has tips for maintaining a beautiful balance among all of those things. So the book is not only helpful in attaining success in the professional sphere but it also has wisdom that deals with leading a successful personal life as well. ‘Life Mantras’ is very complete and well-rounded sort of guide in life. 

Statement from Sahara's lawyer - Mr. Gautam Awasthi

Pertaining to the today’s hearing of Sahara SEBI case there are few points on which we would like to request you to kindly clarify to your esteemed readers/audience

1.             Hon'ble Supreme Court has directed to prepare and submit a plan of the sale of 86 properties of Sahara of which title deeds are already submitted by Sahara. We would also like to clarify that order is not on the other properties of Sahara and neither these 86 properties includes the foreign properties of Sahara nor Aamby Valley City nor Sahara Star hotel.

2.             Hon’ble Supreme Court directed SEBI that in process of selling properties it has to take inputs and consultation with Sahara.

3.             Meanwhile, today, Sahara has completed the payment of Rs. 5,000 Cr cash component and only Rs. 5,000 Cr bank guarantee component is left. Senior counsel of Sahara, Mr. Kapil Sibal has submitted that since the worth of Sahara’s 86 properties whose original documents are with SEBI for long, is of worth of more than Rs. 40,000 crores and is more than Rs. 5,000 crores of the required Bank Guarantee. The SEBI to get the properties valued and if the admitted valuation is more than Rs. 5000 crore and was contended by Sahara that it should be treated as security and Mr. Subrata Roy Sahara and two Sahara directors be released. To this Hon’ble Court has directed SEBI to work on this proposition

Gautam Awasthi, Advocate

Counsel for Sahara

Saharasri Subrata Roy Sahara’s book – ‘Life Mantras’ remains in top 5 for the last 4 weeks in the bestseller chart of Nielsen

·         The book hit number one spot in the recent week

Lucknow, March 21, 2016: ‘Life Mantras’ – An exhaustive and thought provoking treatise by Shri Subrata Roy Sahara, Managing Worker & Chairman, Sahara India Pariwar, on his life-time experiences, observations as well as his insights on the day-to-day issues of people, has been in the top 5 in the bestseller chart of Neilsen for 4 consecutive weeks. According to Nielsen, bestseller list, last week, ‘Life Mantras’ topped the chart by ranking number one and has become bestseller in the non-fiction category of Nielsen BookScan. The book ‘Life Mantras’ is published by Rupa Publications.

The Nielsen BookScan service, which happens to be the world’s largest continuous book sales tracking service operating in India, the UK, Ireland, Australia, US, South Africa, New Zealand, Italy, Brazil and Spain, collects total transaction data at the point of sale directly from the tills and dispatch systems of all major book retailers. Nielsen collects data from online and offline booksellers including Bookadda, Crosswords, Connexion, DC Books, Flipkart, Indiatimes, Infibeam, Landmark, Landmarketail, Capital Book Depot, Rediff, Odyssey, Pageturners, TV18 Homeshopping, WH Smith India, ebay, Mahindra Retail, Relaince Timeout, Snapdeal, etc.

Within a month of its launch, the book - ‘Life Mantras’ has walked upright in the chart to acquire the status of a Bestseller. In his book, the author, Shri Subrata Roy Sahara, has elaborately detailed out the various psychological and emotional aspects of life vis-à-vis the basic instincts inherent in all human beings so as to bring forth the true beauty of the multi-dimensional human life.

The book ‘Life Mantras’ is the first among the ‘Thoughts from Tihar’ trilogy series and is available at all leading book stores across India as well as abroad. It is also available at all leading online portals and even in the form of an e-book. The other forthcoming books of the aforesaid trilogy series are 'Think with Me - How to make our country ideal’ and 'Reflections from Tihar - A book on Tihar Jail’. These other two books of the trilogy series will be released soon.

For further information please contact:

Ghulam Zeeshan

Corporate Communications

Sahara India Pariwar

Mob: 9792982666; Off.: 0522 - 2724545

email id : ghulam.zeeshan@gmail.com

Subrata Roy reveals the secret to success

Some men succeed by what they know, some by what they do, and a few by what they are. Life Mantras is a success story written by one of the most successful man in India, Subrata Roy. They say that a successful man is the one who lays a firm foundation with the bricks that others have thrown at him. With great struggle and constant hard work Saharasri laid the foundation of the Sahara India Pariwar and has ever since been the guardian to his over 1.2 million fellow employees. He has always been a profound thinker, a mentor, and a guide to his subjects.

Life Mantras has become the talk of the town. Everybody wants to be successful, and knowing what it takes to reach that point where the air is crisp has become a necessity for people who strive hard to achieve success. Subrata Roy has written his lifetime experiences, observations and insights on the daily issues of people at altered corporate establishments of the conglomerate across India and also abroad. He further elaborates the details and various psychological and emotional aspects of life. He tells about the basic instincts that inherent in human beings as a gift of life, and how to respect it and grow more.

Along with the success story he you will also realize of what it takes to attain peace, true happiness, contentment, and continuous progress in life in terms of material gains, respect and love. The key is in your hand. Because only you can write your own success story.  

Saharasri says to look within!

With his latest book ‘Life Mantras’, Subrata Roy Sahara, billionaire, business tycoon and philanthropist adds another feather to his cap by turning Author & Philosopher.

‘Life Mantras’ is the first of the trilogy 'Thoughts from Tihar'. The other two books in the trilogy are 'Think with Me' and 'Reflections from Tihar’.

In this book, Saharasri talks about finding true happiness and contentment within oneself and not with the World.

In today’s fast-moving world, where we don’t have time to stop and think, there is so much negativity around us. The lack of positivity gives rise to emotions like anger, jealousy and insecurity. With this book, Saharasri talks about ways of dealing with these obstacles using love, respect, knowledge, hard work, motivation and so on. Anybody can live a peaceful, happy and contented life even by slightly changing one’s attitude, slightly shifting one’s priorities and by making a few behavioural adaptations.

To quote the author, “After having gone through the book, you will definitely and convincingly realize that to achieve peace, true happiness, contentment, satisfaction and also to attain continuous progress in life in terms of material gains, respect and love, you need not depend on anybody in this world. It all depends on you. It is all in your hands.”

In his book, ‘Life Mantras’, the author goes on to explain that to make life truly beautiful, one also needs to understand the basic truths with which we are born with. As we make sense of these basic truths, we will slowly find a change, a sense of fulfilment, a self-motivation coming within us. And thus lead us to the ultimate realization that the journey of life is a blissful and an enlightening experience.

In 1978, Saharasri laid the foundation of Sahara India Pariwar with a mere capital of Rs.2000 (about $32) and three workers. Today, thirty-eight years later, the company’s net worth is a whopping Rs.1,80,000 crores (about $27 billion)! It takes a pioneer to have such Vision!

 Be it his philosophy of ‘Collective Materialism’ which means continuous collective growth for collective sharing and caring or his disciplined and focused way of living, Saharasri has been an inspiration to every budding entrepreneur in the country along with being a teacher, guide and proud guardian to his over 1.2 million fellow workers.

Here is hoping that with his book ‘Life Mantras’ this Pioneer and Visionary inspires the world with his Pearls of wisdom just like he always has!

Saharasri, Business tycoon, Philanthropist and now a Writer

Subrata Roy Sahara, founder and chairman of the Sahara group, popularly known as 'Saharasri' will be releasing his book ‘Life Mantras’, the first of the trilogy 'Thoughts from Tihar' nationwide today.

Saharasri has been serving his sentence in New Delhi’s Tihar jail since March 2014. Despite finding himself in legal tangles he doesn’t seem to be bogged down by the ongoing troubles around him.

He seems to have channelized all his energies into introspecting and either completing unfinished writing work or writing new thought provoking books and be headed on the path to enlightenment.

The book “Life Mantras’ talks about the philosophies that Saharasri himself has followed all throughout his life and various recollections of precious life experiences from this fierce business tycoon’s life. Be it his philosophy of Collective Materialism or his belief in hard work, honesty and discipline that is required to make life beautiful, productive and progressive, the book has it all.

This book talks about the qualities you need to inculcate in yourself to ensure that your life is beautiful and about how to face life in the wake of hardships and hurdles. Through his book, Saharasri talks about ways of dealing with obstacles on a wide range of issues – love, respect, knowledge, hard work, inner self, behaviour, health, motivation and so on.

Subrata Roy Sahara, in this book, goes on to explain that to make life truly beautiful, one also needs to understand the basic truths with which we are born with. In other words, one needs to be aware of the realities of life. As one indulges oneself in the potent energy of these ‘Life Mantras’, a change will be seen visibly, a sense of fufilment, one will be surrounded with a self-motivating energy. The book talks about how one will be led to the ultimate realization that the journey of life is indeed a truly blissful and an enlightening experience.  This is quintessential for anyone seeking peace and success, professionally and personally.

Will Saharasri be able to take the country by storm with this new beacon on knowledge? Only time will tell.

Why I want to read Subrata Roy’s book titled Life Mantras

A wise person once said, “situations can make or break you”. You can either let the situation affect you and your outlook or you can see how to make the most of it. Life Mantras written by Saharasri Subrata Roy isn’t an autobiography but rather a philosophy of sorts derived from his current as well as past life scenarios. Having been imprisoned since 2014, Subrata Roy has indeed faced hardships. The judicial case launched against him has not only shaken his empire but also the perception people have of him. It may seem hard to form an idea of who Saharasri really is but as the saying goes ‘as a man thinketh so he is’. Life Mantras is Saharasri Subrata Roy’s reflection of his mind and the life experiences/ jewels that he dwells on. Being in jail may have confined him physically but Subrata decided that four walls could not confine his free-spirited mind and his generous heart to share his knowledge with the world. Managing a business as large as Sahara India not only helped Subrata Roy perfect his business skills but also helped him gather knowledge on understanding human life. Having successfully managed over 12 lakh workers under him he also strove to implement his philosophy of ‘Collective Materialism’, which propagates collective growth. Although now in jail and not heading his employees, Subrata has not stopped putting forward this philosophy and has completed a trilogy titled Thoughts from Tihar. The books in this trilogy are titled as Life Mantras, Think with Me, and Reflections from Tihar, all of which are philanthropic in nature and shed light on how to have a more fulfilling life full of happiness, contentment, and peace. Although not an autobiography, his book talks of his real-life experiences and involves you in their rawness. It may seem as one among many books but I’d like to hear the thoughts of a man who has gone through so much and still chooses to follow his philanthropic heart.

Salman-Subrata – A crazy legal saga

This country amazes me. Its legal system amazes me. Its political system amazes me. Being an Indian normally is something I am incredibly proud of. But when I come across such blatant hypocrisy all I can do is be amazed. Look with amazement at the double standards and the injustice. The favouritism and the mob mentality. The country at most times rises as one to de-cry an injustice. But then there are also times where it either completely ignores an injustice. Or in some worse cases, the media pumps up the world with false information and then you see the people rise up against an innocent, a victim. And the public shaming and the scorn that person has to face is terrible.

Recently Salman was released from a long running case of where he was accused of running over some pavement dwellers. He was drunk, driving fast, in the prime of his career, famous and loved by the public. A legal dance began that finally ended this year. It involved a lot of drama. It was I am a little ashamed to say slightly entertaining. But I felt that in the end justice would indeed be served and the guilty will be imprisoned. After all, the case did seem pretty clear cut. He was guilty. There were witnesses. There were statements. There was evidence. But now Salman is gone blameless. The verdict is that he did not do it. It wasn’t him behind the wheel. Here we see a person very clearly guilty of a crime – that too a crime that involved the deaths of innocent people. This was murder! And yet he went scot-free.

And then on the other hand we have Subrata Roy. The patriarch of Sahara parivaar. A business man who created an empire. A man responsible for giving jobs to 12 lakh people. A man loved by his employees and respected by them as well as his colleagues. And where is he? He is rotting in prison for 21 months without any charge. What exactly is going on here? Do you have any answers?

Sahara Latest News

Huge -Sahara News Network- News Room --we learn a lot from here मानो या न मानो मगर है सच -----हमारी कर्मभूमि इंडिया का सबसे बड़ा मीडिया परिवार और सबसे बड़ा न्यूज़ रूम The most wonderful part of all our lives,job tasks, experiences were spent at this place. We treasure the Sahara News Room सबसे बड़ा और सुंदर न्यूज़ रूम , our reporters,editors, our senior trainer our canteen, print area , 15 Aug parade,26 jan and bharat parva and many more activities, the fun moments, the free time, the assignments and shoot trip and now a days some crises be there we have to tackle it very sincerely. old employees keeps on coming frequently in happy hrs and recall/share those sweet memories and couple of days that they spent here & join and Stay in touch with old frenz who are still wating for good days. very soon or in very near future we all are expecting good for Sahara TV / News Print and Parivar and & Sahara been marching forward on the path of success, adding new milestones on each coming days . Our knowledge improved greatly every day .The great reporting & journalism Team we have & Technically IT Division/AV, very strong team too ..All are filled with joy in hearts,in such a financial crises but we went to play again in this calm and beautiful environment. सहारा प्रणाम

Sahara Breaking news

12 लाख लोगो का समूह देखकर सेबी को सहारा की शक्ति का अंदाजा लगाना चाहिये।-।सहारा श्री ने अकेले अपने बलबूते पे लाखों रोजगार दिये हैं और वो भी बड़े सुख शांति और संतुष्टि पूर्ण वातावरण में -ऐसा उदाहरण कहीं नहीं देखने को मिलेगा ,इतनी कठिन परिस्थिति में भी सीना तान के खड़ा है सहारा और लोगों को भी नहीं निकाला गया ----सहारा के समर्थन में उतरे थे बाबा रामदेव जिन्होने कहा की सहारा श्री के साथ पक्षपात पूर्ण तरीका अपनाया गया हैं सलमान खान 15 साल से जमानत पे बहार है वो भी 5 साल की सजा सुनाने के कोर्ट के आदेश के बाद,ऐसा ही जया ललिता के साथ हुआ,ये सब अन्याय है . .और महा घोटेले बाज महाठग लालू यादव 940 करोड़ के बाद फ्री में , बहार आ गया - और ये तीनों सही मायने में अपराधी हैं और सहारा श्री एक कट्टर देश भक्त. इंसान

“Saharasri” – An Inspiration to many celebrates another birthday

Saharasri has inspired thousands of people to dream higher, so his birthday is marked as “Prerna Diwas” and celebrated by people who believe in his philosophy. Today, on this auspicious occasion we want to wish Subrata Roy a very Happy Birthday.

Subrata Roy is one among the top 10 most powerful businessman India can ever have. He is the founder and chairman of the famous Sahara India and has achieved more than fifteen awards for being the best Industrialist.

On 10th June, 1948, Subrata Roy was born in the district of Araria, Bihar. He was a very bright child, he also holds a diploma in Mechanical Engineering. Before he founded Sahara, he had already gathered 32 years of precious experience in business development along with 18 years of experience in real estate business. 

He opened his first office in Gorakhpur, which consisted of a table and two chairs along with a staff of one clerk and a runner boy. Initially he single headedly took up the business of Deposits and Para banking. But his life took a new turn in 1990s when he moved to Lucknow and set his business empire which is now over Rs.50, 000 crore. From there, it went on to become the largest conglomerate of India with a diversified range of business interests.

Apart from his business skills, he is also a humanitarian, he contributed to the relief efforts in flood hit Uttarakhand region by providing them the basic amenities along with free medical facility. He always believed in creating a family rather than a company. Which he did successfully, in a span of just 29 years, Sahara India has seen enormous growth as Roy was the driving force behind this success.

Sebi makes fresh bid to find Sahara Investors

Sebi had received 4,900 refund claims during the August-September exercise from the bondholders of two Sahara companies --Sahara India Real Estate Corp Ltd (SIRECL) and

Sahara HousingInvestment Corp Ltd (SHICL), which had raised over Rs 24,000crore from about three crore investors.

While Sahara maintains it has already repaid more than 93per cent of the outstanding dues directly to the concerned bondholders and the remaining amount was just about Rs 2,500 crore, it deposited Rs 5,120 crore to Sebi in December 2012towards the investor refunds as per Supreme Court orders. Further money has been deposited by the group with Sebi subsequently and it is currently in the process of raisingmore funds to ensure release of its chief Subrata Roy from the jail.

Sebi began the refund process in May 2013, while asking eligible investors to submit their claims. However, the refunds made so far remain minuscule, although the regulator

has not so far made public the quantum of all such payments. Sahara has been maintaining that Sebi should verify the refunds made by it directly and claims to have submitted to

the regulator proof for nearly 75 per cent of refunds. It also says that the remaining 25 per cent refund proof is lying in its Mumbai godown to be given to Sebi.

Sahara also contends that bulk of its investors didn't have bank accounts and other formal financial papers, the details of which have been sought by Sebi. On the identification on Sahara's investors, Sebi has contested in the court that addresses of many investors given

by Saharas were incomplete as only village name, district and state is given without any house number or street/lane names.

On its part, Sahara has maintained that most investors are from rural India and had no house numbers or street names. In the new refund application form, Sebi had given a new

address format for rural investors, asking only village name, post office, district and state as against additional details like house number and street name for urban addresses.

In its latest annual report for the year ended March 31, 2014, Sebi had disclosed having received 3,612 refund applications involving 13,948 deposit accounts till that time in the Sahara matter.

Of those applications, Sebi made refunds in case of 445 applications involving an equal number of deposit accounts for an aggregate amount of about Rs 1.25 crore including interest

of about Rs 43.83 lakh. The other applications had deficiencies or fell under either 'mismatch' or 'multiple investment' category. "Out of the remaining 3,167 applications, in respect of

424 applications involving 1,683 deposit accounts, certain deficiencies were observed in the applications/supporting documents submitted by the applicants which were brought to

the notices of the applicants for their clarification/rectification, and replies are awaited from

them," Sebi said. Sebi also could not process 1,260 applications involving 7,159 deposit accounts as these were in multiple investment category, while 92 cases involving 92 accounts did not meet

the extant refund methodology adopted by the regulator. Besides, 1,776 applications involving 4,395 accounts could not be processed because of being 'mismatch category'.

STATEMENT FROM SAHARA’S COUNSEL, GAUTAM AWASTHI

In today’s hearing, the Hon'ble Supreme Court with a view to enable Saharas to raise money for fulfilling the bail condition, allowed the prayer of Saharas for taking over of the Bank of China loan on foreign Hotels by another creditor and it also permitted the raising of US $ 650 Million junior loan on second charge basis. Though, there is no requirement of RBI approval under the FEMA Regulations in the concerned transaction, yet on the objections of Amicus and SEBI Counsel, the Hon'ble Court has directed Saharas to seek RBI clarification, if its approval is needed at all or not. The Hon'ble Court made it clear that it has not expressed any opinion on the subject. In effect, the transactions can be taken forward till the point of parking the money in the accounts of Ambey Valley Mauritius Ltd., a 100% subsidiary of Ambey Valley Ltd. The Hon’ble Supreme Court also took note of the fact that the required money for the transactions is already available in the account of creditors which was certified by Bank of America. Further, with a view to give flexibility to the Saharas in expeditiously completing the above-mentioned transactions, the Hon'ble Court was also pleased to grant the facilities of housing to Saharasree and other two directors in a separate premises with the facilities of video conferencing telecommunication, Secretarial assistance, etc. which were earlier granted vide order dated 1st August, 2014. These facilities would be available till 20.02.2015.

Further, the Hon'ble Court has asked SEBI to explain the expenses it is stated to have incurred for disbursing Rs.2 Crore to investors. The SEBI wanted the approval of the Court on its expenditure of Rs.48 Crore for disbursing an amount of Rs.2 Crore to investors. The Hon'ble Court has granted liberty to Saharas for filing its objections on the expenditure incurred by the SEBI which will ultimately be borne by the Saharas.

Parrikar 'disturbed' at Subrata Roy's long incarceration

Statement by Advocate Shri Gaurav Kejriwal on 2nd December 2014

It is a welcome step as the Hon’ble Supreme Court is acceded to our request. The Supreme Court has appreciated the efforts of Saharas in making the attempt to sell four of its domestic properties. The Hon'ble Supreme Court acknowledged the submission and allowed the sale of all the properties. The sale will generate net amount of around Rs. 2622.25 crore that will be used to comply with the orders of the Hon'ble Supreme Court.

With reference to the foreign properties, the Hon'ble Court asked SEBI to indicate its queires in writing and asked Saharas to provide clarification within a week. Once, the same is allowed, an amount in excess of Rs. 3000 crores will be generated which will be used to comply with the orders of the Hon'ble Supreme Court.  The next hearing is on 17th December 2014.

Gaurav Kejriwal

Advocate

Suresh Raina Joins ‘U P Wizards’ - the Hero Hockey India League’s Lucknow Franchise

Lucknow, 17 November 2014: Mr. Suresh Raina, the ace cricketer, today joined the Hockey India League (HIL) franchise team - Uttar Pradesh Wizards as its co-owner. The announcement of his association was made by Mr. Abhijit Sarkar of Uttar Pradesh Wizards in an event held at Sahara Shaher, Lucknow in the presence of Mr. Suresh Raina. Born in Ghaziabad, Mr. Raina has represented Uttar Pradesh at all levels in cricket.

Speaking on the announcement of the association with Uttar Pradesh Wizards,Mr. Suresh Raina said, “It is a memorable day for me because today I am immensely proud to be associated with the national sport of our country, hockey, by joining UP Wizards. On this occasion, I would also like to take the opportunity of congratulating the Indian hockey team for bringing laurels to our nation by winning gold in the Asian games after a span of sixteen years and qualifying directly to the Olympics. Uttar Pradesh is a land of world class hockey gems like Major Dhyan Chand, K.D. Singh Babu and many more to follow and since my sports college days in Lucknow, I have a lot of friends who are hockey players and this further boosts up my pleasure of my association with hockey. I will make all possible endeavours and bring all sorts of support required for uplifting the game of hockey in the region.”

Speaking on the occasion, Mr. Abhijit Sarkar of Uttar Pradesh Wizards said, “Hockey is our national game and we are proud owner of UP Wizards. We are sure that association of Mr. Suresh Raina will make hockey more popular in the state and will attract more fan following for this sport. We will achieve greater laurels and success in the sport of hockey in the coming years and we are committed to the development of sports at all levels in the country.”

Speaking on the announcement, Ms. Elena Norman, CEO, Hockey India League said “Hockey India League welcomes Suresh Raina as the co-owner of Uttar Pradesh Wizards. It’s an honor to see cricket legends coming forward to support world’s only Hockey League and we are confident that the 3rd edition of Hero Hockey India League will take the excitement and expectations a notch higher, not only through the high adrenaline games but even the kind of association that it is garnering.”

Recently, the captain of Indian Cricket Team, Mr. Mahendra Singh Dhoni has also got associated with the Ranchi franchise team of Hockey India League as its co-owner. Hockey India League is world’s most prominent hockey league and is providing a world class platform to young Indian sporting talents of this great game by giving them an opportunity to nurture their skills under the supervision of talented and veteran sportsmen.