Shares in Sahara Group's listed companies drop
Reuters Market Eye - Shares in Sahara Housingfina Corp(SAHR.BO) and Sahara One Media and Entertainment Ltd(SAHM.BO) fall after Subrata Roy, head of Sahara conglomerate, turned himself in to police on Friday.
The Supreme Court had last week ordered his arrest for failing to appear at a hearing in a long-running dispute with the country's securities regulator.
Group's non-banking finance arm, Sahara Housingfina is down 3.5 percent, while Sahara One Media and Entertainment, which owns group television channels falls 0.2 percent.
(Reporting by Abhishek Vishnoi)
- Tweet this
- Share this
- Digg this
Trending On Reuters
Prime Minister Narendra Modi has taken direct control of a project-monitoring body to fast-track investments worth almost $300 billion and revive manufacturing in the country, two officials with direct knowledge of the matter told Reuters. Full Article