Sahara Seeks SC Nod to Sell Assets Worth Rs 240 Bn to Adani

03 Oct 2025 CW Team

Sahara Group has moved the Supreme Court seeking approval to sell 88 prime properties to Adani Properties Pvt Ltd. The assets include Aamby Valley City (8,810 acres), Sahara City Lucknow (170 acres), and plots in Mumbai, Chandigarh, Kolkata, Bikaner, Vadodara, Jamnagar and Solapur.

The deal follows a term sheet signed on 6 September 2025 and aims to raise funds for the SEBI-Sahara Refund Account. Sahara has so far deposited Rs 16,000 crore out of Rs 24,030 crore due to investors.

The petition, filed through advocate Gautam Awasthi, states the family decided to sell assets after Subrata Roy’s death in 2023. With no active management, Sahara wants to liquidate quickly at fair market value to protect investor interests. The case is listed for hearing on 14 October.

Infrastructure Transport

06 Feb 2026

Lucknow Metro East-West Corridor Consultancy Contract Awarded

The Uttar Pradesh Metro Rail Corporation has awarded the first construction-related consultancy contract for the Lucknow Metro East West Corridor to a joint venture of AYESA Ingenieria Arquitectura SAU and AYESA India Pvt Ltd. The firm was declared the lowest bidder for the Detailed Design Consultant contract for Lucknow Metro Line-2 under Phase 1B and the contract was recommended following the financial bid. The contract is valued at Rs 159.0 million (mn), covering design services for the corridor. Lucknow Metro Line-2 envisages the construction of an 11.165 kilometre corridor connecting Cha..

Div Com Kashmir Urges Fast Tracking Of Jhelum Water Transport Project

The Divisional Commissioner of Kashmir has called for the fast-tracking of the Jhelum water transport project, urging district administrations and relevant agencies to accelerate planning and clearances. In a meeting convened at the divisional headquarters, the commissioner instructed officials from irrigation, public health engineering and municipal departments to prioritise the project and coordinate survey and design work. The directive emphasised removal of administrative bottlenecks and close monitoring to ensure timely mobilisation of resources and contractors. Officials were told to in..

Interarch Reports Strong Q3 And Nine Month Results

Interarch Building Solutions Limited reported unaudited results for the third quarter and nine months ended 31 December 2025, recording strong revenue growth driven by execution and a robust order book. Net revenue for the third quarter rose by 43.7 per cent to Rs 5.225 billion (bn), compared with Rs 3.636 bn a year earlier, reflecting heightened demand in pre-engineered building projects. The company’s total order book as at 31 January 2026 stood at Rs 16.85 bn, supporting near-term visibility. EBITDA excluding other income for the quarter increased by 43.2 per cent to Rs 503 million (mn),..