Times Of India – The Sahara Group is believed to be working on an over $1-billion debt refinancing deal with two American hedge funds for raising money to secure release of its jailed chief Subrata Roy, a report said on Sunday.
The two funds would become financiers for over $1 billion (Rs 6,000 crore) of debt against the group’s three overseas hotels, including the iconic Grosvenor House in London and two hotels in New York (the Plaza and Dream Downtown), the Sunday Times reported.
