How Sahara Group acquired London's Grosvenor House

Sahara India Parivar, the Lucknow-based conglomerate with interests in real estate, hospitality and retail, opened several bank accounts abroad and floated companies in Mauritius and the UK after the Securities and Exchange Board of India (Sebi) initiated investigation proceedings against two of its group firms — Sahara India Real Estate Corp (SIRECL) and Sahara Housing Invest Corp (SHICL).

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