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 Urban

02 Jun 2026

VECV Sales Rise 7.8 Per Cent In May 2026

VE Commercial Vehicles recorded sales of 7,978 units in May 2026, compared to 7,401 units in May 2025, registering growth of 7.8 per cent. This included 7,789 units from the Eicher brand and 189 units from the Volvo brand.Eicher branded trucks and buses reported sales of 7,789 units during the month, up 7.3 per cent from 7,258 units a year earlier. In the domestic commercial vehicle market, Eicher sales rose 9.1 per cent to 7,375 units from 6,758 units in May 2025.Exports declined 17.2 per cent to 414 units from 500 units in the corresponding month last year. Volvo Trucks and Volvo Buses recor..

Table Space Strengthens DESYN Leadership Team

Table Space has announced strategic leadership appointments within DESYN, its integrated Design and Build business, as it looks to strengthen operations across key enterprise and GCC markets in India. DESYN was launched as a strategic extension of Table Space’s workspace solutions portfolio to meet rising demand for agile, high-quality and rapidly deployable enterprise workspaces.Shruti Ookabhoy has joined DESYN as Executive Director and will lead the Design vertical, focusing on design capability, operational excellence and team development across markets. She brings over 22 years of experi..

Concord Associate Bags Rs 2.79 Bn Kavach Order

Concord Control Systems said its associate company, Progota India, has received a Rs 2.79 bn domestic order from Indian Railways for the supply, installation, testing and commissioning of on-board Kavach 4.0 loco equipment.The order is scheduled for execution within 12 months and strengthens Concord’s role in India’s railway safety and signalling ecosystem. Kavach is India’s indigenous automatic train protection system, designed to improve operational safety by helping prevent signal passing at danger and reducing collision risks.Gaurav Lath, Joint Managing Director, Concord Control Syst..